Nasdaq and S&P 500 Soar—What Will Nvidia's Earnings Mean for Your Wallet? Don’t Miss This!

Market Update: Nov. 19, 2025

It's a mixed bag on Wall Street this Wednesday as the U.S. markets open, following four consecutive days of declines for the S&P 500. Early trading indicates some optimism, with the small cap-focused Russell 2000 leading the charge with a gain of 0.31%. It's trailed closely by the Nasdaq at 0.22%, the S&P 500 at 0.17%, and the Dow, which is just above unchanged at 0.08%. Investors are keen to see if these indexes can break their downward trend.

As markets opened, commodities showed some volatility as well. Crude oil futures fell by 2.8%, slipping below $59, while gold prices gained 1%, resting just above $4,110. Meanwhile, the cryptocurrency market sees a slight dip, with Bitcoin down by 1.9% at $91,204. The yield on the 10-year Treasury bond is down 1.9 basis points, reflecting a rate of 4.102%.

Today's trading will be heavily influenced by the earnings report from Nvidia, the world's most valuable company, which is set to release its quarterly results after market close. This is being labeled as Wall Street's 'Super Bowl' moment due to the high stakes surrounding its performance amidst a mixed sentiment regarding the sustainability of the current AI boom.

Investor concerns about the AI sector have been mounting, with Alphabet CEO Sundar Pichai recently commenting on the "irrationality" in the market, cautioning that "no company is going to be immune" if the AI bubble were to burst. Nvidia's forthcoming earnings will provide critical insights, as analysts expect the company to report adjusted earnings per share of $1.26 on revenue of $55.2 billion, marking an impressive year-over-year increase of 55% and 57% respectively. A remarkable 89.3% of that revenue is anticipated to come from data centers, with the remainder generated from gaming and other business segments.

Market watchers are particularly focused on the potential for Nvidia's report to influence its stock price, with options data suggesting it could swing by more than $320 billion. However, the volatile backdrop of recent market declines raises uncertainty about how traders will react, even to strong earnings.

Business Earnings and Economic Indicators

Apart from Nvidia's highly-anticipated report, the market will also digest earnings from several other companies today. Reports from Lowe's and Target have already emerged, both of which have lowered their guidance, adding to concerns regarding the upcoming holiday shopping season. In total, over 50 earnings reports are expected throughout the day, indicating a busy schedule for traders.

In terms of economic indicators, the Mortgage Bankers Association released its weekly housing data this morning, showing a decline in market activity as the average 30-year mortgage rate ticks upward. Additionally, overdue Import & Export data from August is expected later today, alongside the eagerly awaited FOMC Minutes scheduled for 3:00 p.m. ET.

With these developments, traders will be closely monitoring the market movements, seeking to make informed decisions amidst a landscape marked by both opportunity and uncertainty. As the day unfolds, how the various earnings reports and economic data will shape market sentiment remains to be seen.