Stock Market Wrap: Alphabet, The EW Scripps Company, and Dell

This is the daily U.S. stock market evening wrap for Monday, November 17, 2025, with the latest market news and closing bell updates as of 4 p.m. EST.

The stock market was bearish on Monday, with all major indices closing at significant losses.

• The S&P 500 was down 0.9%, led by losses in Dell, Expedia, and Coinbase Global.
• With more than 200 points in decline intraday, the Nasdaq Composite closed 0.8% lower.
• The Dow Jones Industrial Average closed 1.2% lower, with a decline of more than 500 points.
• The Russell 2000 continued its downward trend, slipping 1.9%.

As the market continued to struggle ahead of the holiday season, Vix, the CBOE volatility index, closed 12% higher, reaching 22, signaling fear amid increased market volatility.

With the incoming 13F filings, all eyes are on which stocks are being favored and which are being dropped by major investment firms, driving investor reactions. Warren Buffett’s Berkshire Hathaway disclosed in its recent filing that it added Alphabet while increasing stakes in SiriusXM, Chubb, Domino’s Pizza, Lennar, and Lamar.

According to the forms released by the U.S. Office of Government Ethics and as reported by CNBC, President Doland Trump has purchased around $82 million in municipal and corporate bonds, making more than 175 financial transactions between August 28 and October 2.

From what seemed to have been the favorite bets so far, Bitcoin was down more than 2%, closing closer to $92,000, along with Gold, down 0.9%.

On Thursday, November 20, we will receive the significantly delayed September Jobs report, with investors on the lookout to understand whether to still expect new rate cuts, even with a weakening labor market.

The only relief from the month, which is otherwise known for its historically strong market sentiment, comes from the airport authorities, with the FAA (Federal Aviation Administration) lifting its restrictions.

Here are the most active stocks today

Five S&P 500 stocks making big moves today are:

• Alphabet Class A: +3.1%
• Western Digital Corp: +2.9%
• Expeditors International of Washington: +2.7%
• NextEra Energy: +2.2%
• Albemarle: +2.2%

The worst-performing five S&P 500 stocks today are:

• Dell Technologies: -8.4%
• Expedia: -7.7%
• Generac Holdings:  -7.1%
• Coinbase Global:  -7%
• Hewlett-Packard:  -7%

Stocks also worth noting include:

• American Express: -4.4%
• Nvidia:  -1.9%
• DoorDash:  +1.8%
• Johnson & Johnson: +1.8%
• Tesla: +1.1%.

Alphabet the new AI travel agent?

Alphabet stock rose 3% on Wednesday, extending its 50% year-to-date rally and pushing the stock to a new 52-week high. 

The news followed Google’s latest push into agentic AI, with its new travel tool, Canvas, in AI Mode. Strategically launched at the brink of the upcoming holiday season, it integrates real-time flight details, reviews, and photos from Google Maps to “build travel plans that are customized for your specific needs.”

More Tech Stocks:

• Investors hope good news from Nvidia gives the rally more life
• Palantir CEO Karp just settled major debate
• Spotify just solved a major problem for listeners
• Amazon lawsuit could be a warning to other employers

Investors are optimistic about Alphabet stock, which is up 3% today in a predominantly bearish market; however, future competitors and leaders in the travel space did not fare well with the news of this latest incumbent. 

Stocks of Airbnb (3.6%), Booking Holdings (4.8%), Expedia (-7.7%), and TripAdvisor (3.8%) all declined by more than 3% intraday, impacted by the announcement and further plunged amid an overall bearish market. 

Related: Warren Buffett’s Berkshire snaps up major tech stock, trims favorite

Detailing its future outlook, Google intends to offer direct booking of flights and hotels in AI Mode. Additionally, the new AI travel planner, Canvas, pulls live data to make personalized itineraries that can also be accessed at a later time.

This, however, has raised concerns about the risk of disintermediation for online travel agencies like Expedia and TripAdvisor. However, BTIG analyst Jake Fuller views the risk as “overstated,” noting that Google has consistently partnered with large hotel chains, which represent a significant minority of the global accommodation supply, according to TheFly.

Another big development that drew attention to Alphabet was Berkshire Hathaway’s latest 13F filing. It revealed that Hathaway purchased 17.8 million shares of Alphabet, while raising existing stakes in several other companies.

Local broadcaster Sinclair's stock rises

There is a renewed interest in local broadcasting this year, with national media outlets expanding their local reporting and regulations loosening on the acquisition of competing broadcasting companies.

Following Nextstar's acquisition of Tegna in a deal valued at $6.2 billion, another possible strategic takeover may be on the horizon.

Sinclair, one of the country’s largest owners of local TV stations, disclosed in a regulatory filing on Monday that it has taken approximately 8.2% of outstanding class A shares of The E.W. Scripps Company. 

According to a Wall Street Journal report, Sinclair has been attempting to settle an agreement with Scripps, and this move is intended to pressure the parties to finalize the negotiation.

Following the news, Scripps’ stock soared 39% on Monday, marking a new 52-week high. The broadcaster has surged 46% in the last quarter and shown a 93% year-to-date stock gain.

With news pouring in, Scripps officially noted that it would work to drive value for all its company’s shareholders and protect it from “opportunistic actions of Sinclair or anyone else.”

Dell gets analyst downgrade before earnings

A notable decline occurred in Dell stock today, with the company's shares down 8% on Monday, extending its weekly decline to 14%.

While Dell is still modestly positive year to date (up 6%), its strong AI-driven run earlier this year has cooled.

The tech sell-off followed Morgan Stanley's downgrade of Dell’s stock from overweight to underweight, accompanied by a decrease in its price target from $144 to $110.

Analyst Erik Woodring cited rising memory costs and “tepid” demand for non-AI hardware, which could compress Dell’s earnings in 2026. The analyst also flagged risks of negative earnings revisions across the broader PC and hardware category, according to TheFly.

However, this was contrasted with JP Morgan’s bullish stance, as it raised its price target for Dell to $170 from $165 and kept an overweight rating ahead of its earnings on November 25. JPMorgan placed Dell on “positive Catalyst Watch,” believing that it stands to benefit from near-term momentum in AI compute demand.

Related: Billionaire Stanley Druckenmiller's buys point to tech stock shift