Stock market today: Dow, S&P 500, Nasdaq futures fall after stock slide deepens ahead of Nvidia earnings, jobs data

4 days ago 5

Updated Tue, November 18, 2025 astatine 2:26 AM CST 1 min read

US banal futures fell connected Tuesday pursuing a tech-led descent up of a pivotal net study from Nvidia and the merchandise of authorities shutdown-delayed labour information aboriginal successful the week.

Dow Jones Industrial Average futures (YM=F) dropped astir 0.4%, portion S&P 500 futures (ES=F) slid 0.5%. Contracts connected the tech-heavy Nasdaq 100 (NQ=F) moved 0.6% little connected the heels of crisp closing losses for Wall Street stocks.

CBOT - Delayed Quote USD

46,544.00

-121.00

(-0.26%)

As of 4:21:38 AM EST. Market Open.

YM=F ES=F NQ=F

The overnight moves travel a bruising league for equities. The Dow tumbled much than 550 points, oregon 1.2%, portion the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) each shed astir 1% arsenic selling unit intensified crossed large tech.

Nvidia dropped astir 2% up of its intimately watched fiscal third-quarter results owed Wednesday aft the bell. The spot giant’s study lands astatine a infinitesimal erstwhile investors are rethinking the durability of this year’s AI-fueled marketplace rally. Concerns implicit stretched valuations, softening marketplace breadth, accelerating AI-related depreciation, and a surge successful Big Tech indebtedness issuance person each added substance to the debate.

Beyond Nvidia, investors volition parse respective cardinal information points that could signifier expectations for the Federal Reserve’s adjacent moves. Rate-cut likelihood person been pared backmost significantly: Fed funds futures present terms successful astir a 40% accidental of a cut, down from implicit 90% a period ago. The Fed’s October gathering minutes get Wednesday, followed Thursday by the September jobs report, the archetypal large economical speechmaking since the authorities shutdown delays.

Earnings from large retailers Walmart (WMT), Home Depot (HD), and Target (TGT) are acceptable to deed this week, offering penetration into user spot up of the vacation season.

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