On Thursday, November 13, 2025, a significant media conglomerate experienced a downturn in its stock performance, largely attributed to its traditional television networks failing to meet expectations. In contrast, a prominent technology company specializing in networking equipment saw its shares surge, propelled by robust demand for artificial intelligence infrastructure. This divergence in corporate fortunes unfolded against a backdrop of a broader market decline, impacting major US equity indexes and the cryptocurrency sector.
Major U.S. stock indices closed lower, with the Dow and S&P 500 each dropping 1.7%, and the technology-heavy Nasdaq falling 2.3%. This decline occurred despite President Trump's recent signing of a bill to reopen the government. The cryptocurrency market also suffered losses, with Bitcoin and other leading digital assets, along with trading platforms such as Robinhood Markets and Coinbase Global, experiencing significant drops. Robinhood's shares fell nearly 9%, Interactive Brokers lost 7.8%, and Coinbase Global sank 6.9%.
The Walt Disney Co. (DIS) reported mixed quarterly results, with profits exceeding forecasts but revenue falling short. The entertainment giant's shares consequently plummeted 7.8%. While its streaming services, Disney+ and Hulu, boasted better-than-expected subscriber numbers, the company's linear TV segment struggled, showing a sharp decline in domestic networks revenue and operating income compared to the previous year.
Meanwhile, Cisco Systems (CSCO) defied the broader market trend, with its shares climbing approximately 5%. The networking equipment and software provider announced better-than-anticipated sales and profits for its fiscal first quarter. A key driver for this strong performance was the substantial revenue growth generated from spending on artificial intelligence infrastructure by its major hyperscaler clients.
Tesla (TSLA) also saw its shares fall by nearly 7% on Thursday. Reports indicated a steep year-over-year decrease in the electric vehicle manufacturer's sales in China, highlighting intense competitive pressures in the world's largest automotive market. Adding to this, Ark Invest, an investment management firm led by Cathie Wood, has been divesting its Tesla shares over several consecutive trading sessions.
In other market news, Dow (DOW) shares rose 4.2% after Goldman Sachs increased its price target for the chemical producer's stock, citing the company's strong cash flow. Additionally, Albemarle (ALB), the world's largest lithium miner, saw its shares increase by close to 4% following an upgraded price target from UBS. Analysts noted that potential mine closures in China could lead to stronger lithium prices, a critical component for batteries, which has faced oversupply issues in recent years.
The day's trading activities reflected a dynamic market influenced by corporate earnings, technological advancements, and shifting geopolitical landscapes. While some sectors, like AI infrastructure, demonstrated resilience and growth, others, such as traditional media and certain segments of the auto market, faced significant headwinds, leading to a mixed performance across the board.