US markets sharply decline – Robust US labor market – December rate cut unlikely – Bitcoin sinks to six-month low – Intuit delivers convincing numbers – Alphabet with Nano Banana Pro and further investments – Walmart sees strong online growth – Verizon cuts 13,000 jobs – Abbott acquires Exact Sciences in a megadeal for $21 billion

The US markets experienced significant turbulence on Thursday, November 20, 2025. The Dow Jones closed down about 0.8% at around 45,752 points, the S&P 500 fell by 1.6% to about 6,538 points, and the tech-heavy Nasdaq Composite dropped approximately 2.2% to 22,078 points. The trigger was initially a strong opening push, fueled by excellent quarterly results from Nvidia . However, this momentum faded as concerns over high valuations in the AI sector and a mixed US labor market report surfaced. Although 119,000 new jobs were unexpectedly created...