Stock Market Update
13-Nov-25 15:25 ET
Hawkish Fed commentary sends stocks lower
Dow -810.50
at 47444.11,
Nasdaq -592.31
at 22814.17,
S&P -124.06
at 6726.85
[BRIEFING.COM] The major averages continue to trade steadily lower as the clock winds down on a tough session for the stock market. Only the DJIA (-1.7%), which entered today's session with a 2.7% week-to-date gain, remains in positive territory for the week.
Hawkish Fed commentary has added fuel to the sell-off as the probability for a December rate cut, which was once viewed as a near certainty, now resembles a coin flip.
Most recently, St. Louis Fed President Alberto Musalem (voting FOMC member) said that the Fed "needs to lean against above-target inflation," adding, "There's limited room for further easing without monetary policy becoming overly accommodative," according to Bloomberg.
Cleveland Fed President Beth Hammack, who is not a voting FOMC member but will be in 2026, echoed a similar sentiment, saying policy should "remain somewhat restrictive to continue putting pressure to bring inflation down."
