Daily Market Recap (November 20th 2025)

These sources provide a wide-ranging snapshot of current economic, political, and corporate affairs, highlighting both market volatility and shifting consumer behaviors. Financial reports indicate record high average 401(k) and IRA balances despite a large intraday stock market reversal, driven initially by positive Nvidia earnings before concerns about interest rates diminished gains. Meanwhile, retailers are seeing mixed results, with Gap and value-focused stores like Walmart and TJX outperforming expectations by appealing to price-conscious consumers, while Bath & Body Works missed earnings and announced a turnaround plan. The housing market faces complexity, as existing home sales rose in October due to lower mortgage rates, yet housing affordability issues continue, causing more young adults to move back home, especially in high-cost areas. Industrially, the sources touch on a fire at Ford's aluminum supplier, Novelis, and an ongoing corporate espionage lawsuit between air taxi rivals Joby and Archer. Finally, global issues include the falling cost of a classic Thanksgiving dinner, a scramble for rare earth minerals in the Arctic, and a developing White House executive order aimed at preempting state-level artificial intelligence regulations.

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