Fri Nov 14 11:40:00 UTC 2025: Here’s a summary of the text followed by a news article rewrite:

Summary:

US stock futures are down on Friday, extending Thursday’s steep losses triggered by concerns over Big Tech valuations, the possibility of an AI bubble, and diminishing expectations of a December interest rate cut by the Federal Reserve. Recent hawkish comments from Fed officials have further dampened rate cut hopes. While the end of the government shutdown provided a slight boost, uncertainty remains about the release of delayed economic data. Individual stock movements include gains for Warner Bros. and Whirlpool due to potential acquisition bids and a major investment, respectively, and a loss for Applied Materials due to a revenue slowdown. Bitcoin is also under pressure, falling below $100,000 as investors pull funds from crypto assets amid market risk aversion and recent liquidations. Gold prices are rising as investors seek a safe haven amid the uncertainty.

News Article:

Tech Sell-Off and Rate Cut Doubts Slam Wall Street; Bitcoin Plunges

NEW YORK – US stock futures tumbled on Friday, signaling a continued retreat from equities following Wall Street’s worst day in over a month. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures were all in the red as investors shed technology stocks amidst growing skepticism about a Federal Reserve interest rate cut in December.

Thursday’s session saw major indexes experience their steepest one-day declines in over a month, with tech giants like Nvidia, Broadcom, and Tesla leading the downward spiral. The sell-off is fueled by rising concerns that the Fed will hold steady on interest rates next month, despite earlier expectations of a cut. Traders now see only a roughly 52% chance of a quarter-point rate reduction, a significant drop from the nearly 63% chance priced in just a day earlier, and the 95% chance of a rate cut priced in a month ago.

Hawkish comments from Federal Reserve officials, including Minneapolis Fed President Neel Kashkari, who suggested the economy’s resilience might warrant holding rates steady, have further eroded confidence. The end of the government shutdown provided only a marginal lift, with lingering questions surrounding the release and form of crucial economic data.

Individual Stock Movers:

  • Warner Bros (WBD): Up 3% premarket on reports of potential acquisition bids from Paramount, Comcast, and Netflix.
  • Whirlpool (WHR): Up 3% premarket after Appaloosa Management, led by David Tepper, purchased 5.2 million shares.
  • Applied Materials (AMAT): Down 5% premarket after reporting a revenue slowdown, despite an upbeat first-quarter forecast.

Bitcoin Under Pressure:

Bitcoin plummeted below $100,000 as risk aversion swept through markets. Investors pulled nearly $900 million from Bitcoin funds, pushing the cryptocurrency more than 20% below its record high reached in early October. The crypto market remains strained following recent liquidations wiping out billions of dollars. Exchange-traded funds investing in bitcoin saw net outflows of about $870 million on Thursday, the second-largest daily withdrawal since their debut.

Gold Gains as Safe Haven:

In contrast to stocks and crypto, gold prices are on the rise, boosted by market uncertainty. Investors are flocking to the haven asset amidst concerns about delayed economic data and the fallout from the recent government shutdown.

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