US Stocks Stumble in November 2025 as Election Uncertainty Looms

A decade-long winning streak ends abruptly. Investors brace for turbulence as midterms and rate decisions cast shadows over Wall Street.

, and Administrator

2025 December 2 . 7:01 PM

1 min read

Here we can see four men standing at the podium. On each podium we can see a laptop. In the... — Here we can see four men standing at the podium. On each podium we can see a laptop. In the background we can see a eiffel tower.

US Stocks Stumble in November 2025 as Election Uncertainty Looms

US stock markets faced a difficult November in 2025, breaking long-standing trends. Both the SPY and QQQ ETFs recorded their weakest performances for the month in over a decade. Investors now watch closely as uncertainty builds ahead of the 2026 midterm elections.

The SPDR S&P 500 ETF (SPY) posted a return of just 0.19% in November 2025, its lowest since 2021. Historically, the fund has averaged 3.09% for the month since 2010. Meanwhile, the Invesco QQQ ETF saw its first negative November since 2018, with its worst performance since 2011.

November 2025 marked a rare setback for major ETFs after years of stronger performances. With midterm elections approaching, markets may face further volatility. The Fed’s next move on interest rates will likely play a key role in shaping investor confidence in the coming months.