Stock Market News·2025-11-18 17:07Market Overview - The U.S. stock market is experiencing a significant downturn, with a pervasive "risk-off" sentiment driven by concerns over high valuations in AI-related stocks and diminishing expectations for a Federal Reserve interest rate cut [1][5] - All three major U.S. indexes are sharply lower for a second consecutive session, with technology shares particularly affected [1] Major Index Performance - The Dow Jones Industrial Average (DJIA) has dropped approximately 450 points, or 0.9%, reaching a one-month low after a 1.2% decline on Monday [2] - The S&P 500 (SPX) is down 0.6% at midday, falling below its 50-day moving average for the first time in 139 sessions [3] - The Nasdaq Composite (IXIC) is down 1% midday, extending its losses for November and also breaking below its 50-day moving average [4] Investor Sentiment - The prevailing market sentiment is one of caution and uncertainty, with investors pulling back on riskier assets, particularly in high-growth tech and AI sectors [5][9] - The CBOE Volatility Index (VIX) surged 12.86% on Monday, reflecting heightened investor anxiety [4] Upcoming Market Events - Nvidia (NVDA) is set to report quarterly earnings, viewed as a crucial "litmus test" for the AI-driven rally [7] - Retail earnings reports from companies like TJX, Lowe's, Target, Walmart, and Gap are expected to provide insights into consumer spending [7] - The release of the Federal Open Market Committee (FOMC) meeting minutes will be closely scrutinized for clues regarding future interest rate decisions [7] Company-Specific Developments - Nvidia shares are down 2.3% today, adding to a nearly 2% drop yesterday, bringing its total loss for the month to 10.8% [6] - Home Depot (HD) shares fell 3.5% after reporting disappointing third-quarter profit and cutting its full-year outlook [12] - Alphabet (GOOGL) shares rose about 1% after announcing its latest AI model, Gemini 3, following a significant purchase of shares by Berkshire Hathaway [12] - Apple (AAPL) received a boost from strong iPhone 17 sales in China, marking its best month of market share in the region in three years [12] - Baidu (BIDU) reported solid growth in its AI Cloud segment, demonstrating the transformative value of AI across its portfolio [12] - Futu Holdings (FUTU) reported total revenues up 86.3% year-over-year and net income increasing by 143.9% [12]