Next Week’s US Stock Market Outlook: Healthcare Earnings & Tech Weakness (11.10~11.14, 2025)

This week saw the major US indices inching higher, with the S&P 500, NASDAQ, and Dow Jones all posting gains. However, beneath the surface, a tale of two sectors is emerging: healthcare showing earnings strength, while tech faces headwinds. Next week promises to be pivotal as investors digest these trends and brace for potential shifts. Will the Santa Claus rally start early, or will caution prevail?

Healthcare stocks have been a bright spot, with many S&P 500 companies in the sector reporting better-than-expected earnings. Investors will be keen to see if this trend continues and whether it can offset weakness in other areas of the market. A sustained rally in healthcare could provide a much-needed boost to overall market sentiment.

🔗 Most S&P 500 healthcare stocks deliver earnings beat this week

{{THUMBNAIL_URL}}

Several major tech stocks, including TSLA, AAPL, GOOGL and AMZN, experienced declines this week. This raises concerns about a potential correction in the tech sector, which has been a key driver of market growth. Investors should monitor these stocks closely for signs of further weakness.

🔗 The Pavlovian Trap Behind Every Market Rally

{{THUMBNAIL_URL}}

Upcoming economic data releases will likely play a significant role in shaping market sentiment next week. Any signs of slowing economic growth or rising inflation could trigger a sell-off. Conversely, positive data could fuel further gains. Pay close attention to reports on inflation, employment, and consumer spending.

🔗 Norwegian Cruise Line Insiders Bought Stock in Post-Earnings Slump

{{THUMBNAIL_URL}}

Technical Summary:

• S&P 500 (SPY): Holding above 670, but watch for a break below.
• NASDAQ (QQQ): Under pressure; key support around 600.
• Dow Jones (DIA): Showing relative strength, but vulnerable to broader market weakness.
• Investment Posture: Cautiously optimistic, with a focus on sector rotation.

Conclusion:

• S&P 500 Forecast: 660 – 680
• NASDAQ Forecast: 595 – 615
• Dow Jones Forecast: 465 – 475

Key Risks: Unexpected economic data, geopolitical events, and further weakness in the tech sector could all weigh on the market next week.

Overall Sentiment:

Positive