US Equity Indexes Drop Amid Slump in Treasury Yields in Final Leg of Trading

03:48 PM EST, 11/20/2025 (MT Newswires) -- US equity indexes fell amid a drop in government bond yields and higher volatility ahead of the close on Thursday, giving up all gains following the market open.

The Nasdaq Composite fell 2% to 22,118.9, with the S&P 500 down 1.3% to 6,553.2 and the Dow Jones Industrial Average 0.6% lower at 45,848.2.

Nasdaq's trading volume rose above 7.49 billion, compared with a daily average of about 9.69 billion. The corresponding figures for the S&P 500 stood at 2.75 billion versus 5.4 billion, and for the Dow, 580.8 million and 507.4 million, respectively.

Technology and industrials led the decliners, while consumer staples and real estate were sole gainers.

Datadog (DDOG) and Micron Technology (MU) were among the worst performers on the S&P 500 and the Nasdaq, down 9.4% and 11.5%, respectively. On the Dow, Boeing (BA) and Nvidia (NVDA) were among the steepest decliners.

Nvidia (NVDA), which was up more than 3% earlier in the day after it reported blockbuster Q3 results, including market-beating guidance overnight. Around midday, that rally in the chipmaker fizzled out, and so did gains in the three mainstream indexes, which were up by at least 1.4% each after the market opened.

The CBOE Volatility Index jumped 8% to 25.55 in the final leg of trading.

Most Treasury yields fell, with the 10-year down 3.5 basis points to 4.10% and the two-year lower by 4.6 basis points to 3.55%.

September nonfarm payrolls rose by 119,000, above the 51,000 jobs increase expected in a survey compiled by Bloomberg, while August payrolls saw a downward revision to a 4,000 decrease. The July data were also revised lower to a 72,000 gain, resulting in a net downward revision of 33,000 jobs for the quarter, according to a Bureau of Labor Statistics report.

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