Nvidia(US:NVDA) 智通财经网·2025-11-18 22:22Market Overview - The U.S. stock market has experienced a significant downturn, with the S&P 500 and Dow Jones Industrial Average both recording their fourth consecutive day of declines, indicating a shift towards risk aversion as year-end market conditions face uncertainty [1] - The S&P 500 index fell by 0.83%, while the Dow dropped by 1.07%, marking the longest losing streak since August 21 [1] - The Nasdaq index, heavily weighted with technology stocks, decreased by 1.21%, continuing its downward trend for the second consecutive day [1] Index Performance - The Dow Jones Industrial Average has retreated approximately 4.5% from its historical high set last week [1] - The S&P SmallCap 600 index is nearing a technical correction level, having already surpassed a 10% decline from its peak [1] - A total of 324 stocks within the S&P 500 have fallen more than 10% from their 52-week highs, indicating widespread selling pressure across various sectors [1] Sector Analysis - High-risk assets, including technology giants and industrial stocks, have faced significant sell-offs, while defensive sectors such as healthcare and consumer staples have shown resilience, with healthcare up by 0.54% and consumer staples up by 0.15% [2] - Gold prices have increased by 2.1% since November, despite a recent pullback from highs [2] Economic Factors - Key economic pressures contributing to the market's risk-averse stance include valuation pressures, slowing household spending, employment concerns, and persistent high inflation [3] - The Federal Reserve's recent decision to lower the federal funds rate by 25 basis points to a range of 3.75%—4.0% has led to uncertainty regarding future rate cuts, with market expectations for a December cut dropping from approximately 90% to 48.9% [3] Investor Sentiment - The current market pullback has cast a shadow over traditional year-end rallies, with some analysts suggesting that a 5% correction in the tech sector is a "technically overdue normal adjustment" [3] - Concerns regarding the AI bubble are rising, although the fundamentals of technology companies remain strong [4] - The CNN Fear & Greed Index has fallen to 13, indicating "extreme fear," which historically has been viewed as a buying signal [4] Anticipated Events - Investors are preparing for Nvidia's quarterly earnings report, which is seen as a critical event that could provide guidance on the AI industry's outlook and potentially serve as a turning point for the market [4] - Market participants are anticipating a rebound, with momentum stocks expected to lead the recovery following Nvidia's earnings announcement [4]