Nvidia(US:NVDA) Yahoo Finance·2025-11-18 01:20Market Overview - US stock futures declined, indicating a potential return to losses, influenced by a slump in bitcoin and upcoming earnings reports from Nvidia and delayed jobs data [1][2] - The Dow Jones Industrial Average futures fell approximately 0.3%, while S&P 500 futures also decreased by 0.3%, and Nasdaq 100 futures dropped 0.4% [1] Nvidia Earnings Report - Nvidia's stock dropped about 2% ahead of its fiscal third-quarter results, which are anticipated to provide insights into the sustainability of the AI-driven market rally [3] - Investors are concerned about stretched valuations, softening market breadth, and increasing AI-related depreciation, alongside a rise in Big Tech debt issuance [3] Federal Reserve Expectations - Key economic data points are expected to influence the Federal Reserve's future decisions, with rate-cut odds significantly reduced to about 40% from over 90% a month ago [4] - The Fed's October meeting minutes and the September jobs report are set to be released, which may impact market expectations [4] Retail Earnings Insights - Major retailers such as Walmart, Home Depot, and Target are scheduled to report earnings this week, which will provide insights into consumer strength ahead of the holiday season [5] Cryptocurrency Market Impact - Bitcoin's decline below $90,000 has raised alarms in the market, leading to fears of a negative selling spiral among leveraged investors [5][6] - The cryptocurrency fell as much as 2.8%, erasing all its gains for the year, which contributed to a significant drop in the MSCI Asia Pacific Index by over 2% [6] Asian Market Reaction - Asian stock markets experienced declines following the drop in US tech stocks, with almost every market in the region losing ground [6][11] Baidu's Performance - Baidu's Q3 revenue exceeded expectations, leading to a 2% increase in its stock, driven by strong growth in its cloud business amid a recovering advertising market [9]