<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

本週，由於對人工智能資本支出和循環融資的擔憂，美國股指下跌，儘管英偉達的業績強勁且美聯儲可能降息。標準普爾 500 指數、納斯達克指數和道瓊斯指數均出現下滑。甲骨文的股票因人工智能支出風險而下跌，而 Palantir 的高估值導致其股價下降。美聯儲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

- 美國股指本週下跌，受估值過高和融資風險影響。  
- 標普 500 收於 6,602.99，納斯達克和道瓊斯也出現下滑。  
- Nvidia 和其他科技股表現不佳，市場對利率調整的預期上升。  

本週美國股指下跌，原因是對 AI 資本支出和循環融資的擔憂抵消了英偉達的業績表現和美聯儲的利好影響