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Stock Market Today: Google Parent Alphabet Continues AI-Fueled Ascent, Pushing Nasdaq Up 2.6%

2025-11-24 16:20
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Stock Market Today: Google Parent Alphabet Continues AI-Fueled Ascent, Pushing Nasdaq Up 2.6%

Stock Market Today: Google Parent Alphabet Continues AI-Fueled Ascent, Pushing Nasdaq Up 2.6% Noah Weidner Tue, November 25, 2025 at 12:20 AM GMT+8 7 min read In this article: StockStory Top Pick GOOG...

Stock Market Today: Google Parent Alphabet Continues AI-Fueled Ascent, Pushing Nasdaq Up 2.6% Noah Weidner Tue, November 25, 2025 at 12:20 AM GMT+8 7 min read In this article:

This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here.

Happy Monday. This is TheStreet’s Stock Market Today for Nov. 24, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 5:05 p.m. ET

Big tech stocks soar

Traders stopped worrying about the great AI bubble, at least for Monday, and pushed stocks higher in a very broad rally.

Google-parent Alphabet hit a new high of $319.48 and closed up 6.31% at $318.58 as all the major averages ended higher. If there was a disappointment, it was that those big averages did not hit new highs.

The Nasdaq Composite Index was the star of the indexes, closing up nearly 2.7% to 22,872. The Nasdaq-100 Index was right behind with a 2.62% gain. The Standard & Poor's 500 Index added 1.6% to 6,705, and the Dow Jones Industrial Average rose 203 points to 46,448.

Last week, the Nasdaq and Nasdaq-100 slumped as traders worried the market had been way overbought. But they seemed more convinced after Nvidia's robust earnings on Wednesday. Nvidia was up 2.1% to $182.55.

It was hard to find distress in the market, especially if you were looking only at tech stocks.

All the Magnificent 7 stocks were higher, with Tesla the leader, up 6.8%. So were Oracle, Broadcom and Palantir.

The Dow was actually split, with 15 stocks up and 15 down, led by pharma giant Merck, up 2.7% to $100.40. It was followed by Amazon.com, IBM, Goldman Sachs and chip giant Nvidia.

Procter & Gamble and Verizon Communications were the Dow laggards, both classic staples sorts of stocks, down 2.6% and 2.5%, respectively.

Crude oil moved up 1.5% as did gold. The 10-year Treasury yield fell to 4.032% from 4.068% on Friday.

Update: 12:37 p.m. ET

Midday Update

Are we so back? With today's gains, U.S. equity benchmarks have mostly erased last week's ailing result. The Nasdaq (+2.62%) is up nearly 3% now, trailed by a Russell 2000 (+1.80%) and S&P 500 (+1.61%) also at intraday highs. The Dow (+0.66%) is lagging behind.

Pretty easy telling where this one is coming from. Here's the Nasdaq Composite just now:

In SPDR funds, Technology (+2.65%) is leading the pack after trailing all of last week. But it isn't just tech; all but two sectors are in the green today.

That said, let's take a look at the midday movers. For the unacquainted, this is our daily list where we look at the top and bottom 20 equities making moves with at least a $2 billion market cap. This data is provided via FinViz:

Story Continues

Movers

Inspire Medical Systems (+28%) has built on its premarket gains, bolstered by the release of 2026 Medicare Reimbursements. The recoding of their sleep apnea treatment device is bound to give them a serious boost in reimbursement, which could lead to higher revenue.

It's trailed by Ondas Holdings (+26.4%), a drone company which has collected a fervor among the retail crowd in recent weeks.

There's also Oscar Health (+18.3%), which is jumping on reports that Obamacare subsidies will be extended -- other health care names have also rose in sympathy from this report.

Losers

Arcellx (-14.2%) is plummeting today, but with no big news in tandem. Typical biotech volatility.

A little further behind, Grindr Inc (-8.6%) is the second-worst performer after the board rejected a takeover bid at $18/sh. It's ending those buyout discussions given concerns about the proposing party's financing.

Finally, Cinemark Holdings (-5.4%) and Abercrombie & Fitch (-5.3%) are falling as consumer stocks are mixed today -- while discretionary sectors are up, staples are down. What a weird market we're in.

Update: 9:30 a.m. ET

Opening Bell

The U.S. markets are now open. The Nasdaq (+1.33%) is starting the week on strong footing, trailed by the S&P 500 (+0.75%). Meanwhile, the Russell 2000 (+0.35%) and Dow (+0.25%) are also up, albeit, bested by some margin.

Alphabet Keeps Counting Up

Google parent Alphabet is up over 4% this morning, setting a new all-time high and continuing a days-long streak of performance, buoyed by optimism around the the company's new Gemini 3 Pro AI model. This month alone, the tech giant has risen more than 19%, adding to a 64% year-to-date rally. Its ascent has put sagging tech names to shame; many of which are falling amid a repricing in some AI-associated names.

Bitcoin ETF Outflows Continue

BlackRock's iShares Bitcoin Trust, the largest bitcoin ETF, has seen record outflows as the digital currency has sagged in recent days, plummeting into the low-$80K range. It's not alone, as other publicly-traded funds have seen similar investor outflows amid pressures in the digital assets markets. Shares of retail investor-exposed trades like Robinhood Markets and Coinbase have also suffered.

Fed's Waller: YES on December Cut

Federal Reserve Governor Christopher Waller has indicated he would advocate for a December rate cut, citing inflation. Waller indicated that inflation had risen, but is now slowing, with ex-tariffs inflation around 2.4% to 2.5%. Waller is the latest Fed Board member to voice their opinion on the forthcoming meeting, which has largely divided members of the central bank.

Update: 8:08 a.m. ET

Premarket Movers: Novo Nordisk, Inspire Medical, Novocure, Centene, New York Times

Weight loss pills have been floated as a possible treatment for everything. However, Alzheimer's is apparently not one of those diseases easily treated by the burgeoning GLP-1 class of drugs.

Novo Nordisk (-10.4%) is plummeting this morning, dragging down shares of Eli Lilly (-1%) after its weight loss pill Ozempic did not "demonstrate a statistically significant reduction in Alzheimer's disease progression" in a phase 3 study.

Novo's Executive VP of Research and Development says that they pursued the study based on "significant unmet need in Alzheimer's as well as a number of indicative data points," but the study was largely seen as a long-shot. There are likely other indications where the blockbuster drug could be trialed to greater effect, much like the companies did with weight loss.

Aside from the GLP-1 names, here are the movers for today, per MarketWatch:

Winners

Inspire Medical Systems (+18.5%) is jumping after an upgrade from Stifel, which bumped the company's share target to $110 amid higher reimbursements. It's joined by Ingredion (+9.8%), which has faced negative news in recent weeks but announced a deal to exit its stake in a joint venture with partner Amyris. Finally, Centene (+8.3%) is jumping amid new analyst upgrades and hopes of a new Republican health care plan which will extend Obamacare subsidies for at least two years.

Losers

On the other end of the market, Novocure (-7.3%) appears to be falling, joined by New York Times Co (-5.5%), Paycom (-4.8%), and Popular Inc (-3.88%).

Update: 7:54 a.m. ET

A.M. Update

Good morning. After a rough week for U.S. equities -- which saw the Nasdaq decline 2.2% despite a surprising rally to end the week -- the market is ticking higher this morning. Futures are pointing to a healthy open for the major indexes, which are up between 0.17% and 0.68%.

Despite the recent jitters in markets, banks are putting out their guesswork for where things could be in a year's time -- and they're still feeling bullish, apparently. Here's just a cropping of the strangeness we're hearing:

  • Deutsche Bank sets 2026 year-end S&P 500 target at 8,000

  • Morgan Stanley raises 12-month target for S&P 500 to 7,800

  • JPMorgan analysts forecast Brent Crude "may" decline into the $30s in 2027

Remember for a moment that the S&P 500 closed Friday at 6,602.99 and Brent continuous contract is sitting at 62.09 this morning. These are some fascinating predictions, even if you can sort of directionally see where they're coming from.

That said, let's take a look at what's going on today:

Earnings Today: Agilent, Symbotic, Keysight

Monday is generally a slow day for earnings, especially when you're closer to the end of the season than the start. Here's what to expect, mostly after the market closes:

Economic Data: Dallas Fed Manufacturing

This morning, the Dallas Fed Manufacturing Index will be out at 11:30 a.m., our only serious report for the day. In its last showing, it registered a -5. It'll precede an exceptionally busy Tuesday, which will see a deluge of establishment data released.

This story was originally published by TheStreet on Nov 24, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.

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