Wall Street Opens Cautiously Higher as Nvidia Earnings Loom, AI Valuations Under Scrutiny
Stock Market News·2025-11-19 15:07

Market Overview - U.S. equity markets opened with a cautious uptick, with major indexes showing modest gains after a challenging previous session [1][2] - The Nasdaq Composite and S&P 500 both advanced by 0.2%, while the Dow Jones Industrial Average gained 0.1% [2] - The S&P 500 experienced its longest losing streak in three months, falling 0.83% on November 18, 2025 [3] Key Upcoming Events - Nvidia's third-quarter earnings report is highly anticipated, expected to show a 56% revenue surge to $54.9 billion [4] - The September jobs report, delayed due to a government shutdown, is set to be released, which could influence Federal Reserve monetary policy [5] - Walmart is also scheduled to release its earnings results, providing insights into consumer spending [6] Corporate News and Stock Movements - Nvidia shares were up around 1.5% at the open but have seen significant volatility, falling nearly 5% this week [7] - Microsoft shares declined 2.7% after announcing partnerships with Nvidia and receiving a ratings downgrade [7] - Amazon shares slipped 0.7% following a rating cut, while Lowe's shares jumped 4.5% after exceeding profit expectations [7] - La-Z-Boy shares soared 7% after a strong fiscal second-quarter performance and a 10% dividend hike [8] Broader Market Sentiment - The S&P 500 has declined over 2% in November due to concerns about the economy and elevated valuations, particularly in the AI sector [9] - Morgan Stanley projects U.S. equities will outperform global markets into 2026, with an S&P 500 target of 7,800 by year-end 2026, an 18% increase from current levels [10] Other Corporate Developments - On Semiconductor gained 3% following a $6 billion share repurchase program announcement [13] - Plug Power shares tumbled 15% after pricing $375 million of convertible senior notes [13]