Wall Street Rebounds as Nvidia Earnings Loom, Economic Data on Deck
Stock Market News·2025-11-19 22:07

Market Performance Recap - The U.S. stock market rebounded on November 19, 2025, with major indexes ending multi-day losing streaks, driven by cautious optimism, particularly in the tech sector [1][2] - The S&P 500 rose by 0.4% to 6,642.16 points, while the Dow Jones Industrial Average increased by 0.1% to 46,138.77 points, both breaking four-session losing streaks [2] - The Nasdaq Composite led gains with a 0.6% increase to 22,564.23 points, while the Russell 2000 index saw a slight dip of less than 0.1% [2] Key Upcoming Market Events - Investors are anticipating significant economic data and corporate earnings, including the delayed September jobs report set for release on November 20, 2025 [3][4] - The minutes from the last Federal Reserve meeting indicated that many officials believe no further interest rate cuts are necessary this year, impacting traders' forecasts for monetary policy [3] Major Stock News and Earnings Recap - Nvidia's highly anticipated fiscal 2026 third-quarter earnings report is due after market close, with shares climbing between 2% and 3.2% ahead of the announcement [6] - Analysts forecast a substantial 56% revenue jump for Nvidia to approximately $54.9 billion for the August-October quarter [6] - Target's stock declined by 2.7% to 3.3% after reporting third-quarter sales that fell short of expectations, leading to a lowered full-year profit estimate [7] - TJX shares increased by 0.2% to 4% after better-than-expected quarterly results and raised fiscal 2026 guidance, with earnings per share of $1.28 and revenue up 7.5% year-over-year to $15.12 billion [7] - Lowe's shares rose by 4% to 6% after reporting stronger-than-expected third-quarter profit and raising its full-year sales projection [7] - Alphabet's shares jumped 3% to a new all-time intraday high following the announcement of its latest AI model, Gemini 3 [7] - Constellation Energy rallied by 5% to 5.6% after receiving a $1 billion loan from the U.S. Department of Energy to restart its nuclear power plant [7] Additional Corporate News - Amazon's stock remained relatively unchanged after a 4.4% drop due to a rating cut by Rothschild [10] - Medtronic shares increased by 4.7% after reporting strong second-quarter fiscal 2026 earnings of $1.36 per share, beating analyst estimates [10] - Amer Sports surged 8.5% following its third-quarter 2025 earnings report, which showed earnings of $0.33 per share, surpassing estimates [10] - Unity Software added 5.9% after announcing a partnership with Epic Games to integrate its games into the Fortnite platform [10] - La-Z-Boy shares soared 11% in premarket trading after reporting a year-over-year sales increase in its fiscal 2026 second quarter [10]