<div id="readability-page-1">04:59 PM EST, 11/21/2025 (MT Newswires) -- US equity indexes fell this week as stretched valuations and circular funding risks outweighed a significant boost from Nvidia's (NDA) blockbuster results and the likelihood of a December interest-rate cut.* The S&amp;P 500 closed at 6,602.99 on Friday versus 6,734.11 a week ago. The Nasdaq Composite stood at 22,273.08 compared with 22,900.59 a week earlier. The Dow Jones Industrial Average ended at 46,245.41, versus 47,147.48 at the end of last week.* Communication services, healthcare, and consumer defensive led sector charts.* All but one of the Magnificent-7 stocks, Alphabet (GOOG, GOOGL), fell this week. Nvidia beat on Q3 sales and earnings, and also raised Q4 guidance above market expectations.* Oracle (ORCL) sank 11% this week amid concern over risk related to AI capital expenditure. Its 5-year credit default swaps have surged past 110 basis points, the highest in three years, a report from FXStreet said.* Bloomberg reported 20 banks are providing $18 billion in funding to help fund a data center tied to Oracle in New Mexico. Oracle's total debt-to-equity ratio was almost 533% as of May, according to data compiled by FactSet.* Palantir Technologies ( PLTR ) has fallen out of favor after its Q3 beat-and-raise on Nov. 3 failed to justify its lofty 85 times price-to-sales ratio and a forward price-to-earnings ratio approaching 240 times. Its shares were down 11% this week.* New York Fed President John Williams said Friday he sees room for &#34;further adjustment&#34; to rates in the near term. His statement helped investors in interpreting how the Fed would view the September nonfarm payrolls. That report showed job additions soared by more than twice the expected amount, and the unemployment rate came in higher than anticipated, exacerbating the divide between policy hawks and doves.* The likelihood of a 25-basis point cut in interest rates next month catapulted to about 70% by late Friday, up from 39% the previous day, according to the CME FedWatch Tool. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

PLTR

甲骨文

本周，由于对人工智能资本支出和循环融资的担忧，美国股指下跌，尽管英伟达的业绩强劲且美联储可能降息。标准普尔 500 指数、纳斯达克指数和道琼斯指数均出现下滑。甲骨文的股票因人工智能支出风险而下跌，而 Palantir 的高估值导致其股价下降。美联储降息的可能性上升至 70%

US Equity Indexes Fall This Week as AI CapEx, Circular Funding Concerns Offset Nvidia Results, Fed Boost

- 美国股指本周下跌，受估值过高和融资风险影响。  
- 标普 500 收于 6,602.99，纳斯达克和道琼斯也出现下滑。  
- Nvidia 和其他科技股表现不佳，市场对利率调整的预期上升。  

本周美国股指下跌，原因是对 AI 资本支出和循环融资的担忧抵消了英伟达的业绩表现和美联储的利好影响