Story perspectives
U.S. Stocks Plunge Amid AI Doubts and Rising Unemployment
11/22/2025
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Story summary
- On November 20, 2025, U.S. stock markets fell after a rally, with Nasdaq down 2%, the Standard & Poor's 500 down over 1.5%, and the Dow Jones lost nearly 390 points.
- The decline followed skepticism about the artificial intelligence boom and Federal Reserve rate policy.
- A jobs report showed 119,000 new jobs.
- The unemployment rate rose to 4.4%.
- Walmart's stock rose 6.5%, reflecting a shift toward higher-income shoppers seeking bargains.
