{"id":120999,"date":"2025-11-18T20:54:04","date_gmt":"2025-11-18T16:54:04","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120999"},"modified":"2025-11-18T20:38:06","modified_gmt":"2025-11-18T16:38:06","slug":"wall-street-extends-losses-as-nvidia-earnings-delayed-jobs-data-keep-risk-appetite-in-check","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-extends-losses-as-nvidia-earnings-delayed-jobs-data-keep-risk-appetite-in-check\/11\/18\/market-updates\/","title":{"rendered":"Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p> U.S. equities fell Tuesday, deepening November\u2019s pullback as investors trimmed exposure to mega-cap tech ahead of Nvidia\u2019s results and braced for a long-delayed snapshot of the labor market.<\/p>\n\n\n\n<p>At <strong>09:32 ET (14:32 GMT)<\/strong>, the <strong>Dow Jones Industrial Average<\/strong> slipped <strong>527 pts (-1.1%)<\/strong>, the <strong>S&amp;P 500<\/strong> fell <strong>0.2%<\/strong>, and the <strong>NASDAQ Composite<\/strong> declined <strong>0.4%<\/strong>. Before today, the S&amp;P 500 was already down <strong>&gt;2%<\/strong> month-to-date after six straight monthly gains, sitting <strong>&gt;3%<\/strong> below its record; the Nasdaq is <strong>&gt;5%<\/strong> off its peak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AI bellwether in focus; Tech under pressure<\/h2>\n\n\n\n<p>Nvidia\u2019s quarterly report Wednesday looms large for the AI trade after a three-year, capital-intensive surge in valuations. The sector\u2019s weakness broadened as investors questioned the durability of AI-driven returns relative to the industry\u2019s enormous spend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Retail earnings mix: Home Depot misses on EPS<\/h2>\n\n\n\n<p>Earnings remain in full swing for big-box retail:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Home Depot (HD)<\/strong>: Q3 <strong>adjusted EPS missed<\/strong> despite <strong>revenue beat<\/strong>; FY2025 guide updated to <strong>~3.0% total sales growth<\/strong> with <strong>slightly positive comps<\/strong> (52-week basis).<\/li>\n\n\n\n<li><strong>Walmart (WMT)<\/strong> and <strong>Target (TGT)<\/strong> are due later this week.<\/li>\n<\/ul>\n\n\n\n<p>Separately, <strong>Microsoft<\/strong> opens its developer conference in San Francisco, where markets will watch for detail on data-center buildout tied to AI demand.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macro: September jobs finally on deck; December cut odds fade<\/h2>\n\n\n\n<p>A raft of U.S. indicators stalled by October\u2019s government shutdown begins to trickle out, highlighted by <strong>September nonfarm payrolls on Thursday<\/strong>. The report lands just weeks before the <strong>Dec. 10\u201311<\/strong> FOMC meeting.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fed Gov. Christopher Waller<\/strong> on Monday argued for a quarter-point cut to cushion labor-market risks.<\/li>\n\n\n\n<li>Even so, futures now imply <strong>just over 40%<\/strong> odds of a <strong>25 bp cut<\/strong> in December (down from ~55% last week), with policymakers still \u201cflying mostly blind\u201d given the data gaps.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Market picture<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Risk tone:<\/strong> cautious, with continued <strong>rotation out of mega-cap tech<\/strong>.<\/li>\n\n\n\n<li><strong>Catalysts ahead:<\/strong> Nvidia results, September NFP, and additional delayed releases that could reset growth and policy expectations into year-end.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equities fell Tuesday, deepening November\u2019s pullback as investors trimmed exposure to mega-cap tech ahead of Nvidia\u2019s results and braced for a long-delayed snapshot of the labor market. At 09:32 ET (14:32 GMT), the Dow Jones Industrial Average slipped 527 pts (-1.1%), the S&amp;P 500 fell 0.2%, and the NASDAQ Composite declined 0.4%. Before today, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":101536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[],"class_list":["post-120999","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120999"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120999\/revisions"}],"predecessor-version":[{"id":121000,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120999\/revisions\/121000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/101536"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}