Nasdaq, S&P 500 Tip to Upside As Investors Await Nvidia Earnings

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Happy Wednesday. This is TheStreet’s Stock Market Today for Nov. 19, 2025. You can follow the latest updates on the market here in our daily live blog.

The U.S. market is now open. Just five minutes into trading, the small cap-focused Russell 2000 (+0.31%) is leading the way this morning, trailed by the Nasdaq (+0.22%), S&P 500 (+0.17%), and Dow (+0.08%). The latter two are looking to avoid a fifth consecutive day of losses.

Continuous futures for Crude Oil (-2.8%) just dipped below $59, while Gold (+1%) is sitting just above $4,110. Spot Bitcoin (-1.9%) prices are sitting at $91,204. The 10Y Treasury is 1.9 tips lower at 4.102%.

In a few short minutes, the U.S. markets will open. Before that, let’s take a look at the stocks making big moves before the open, per MarketWatch data:

Good morning. After four straight days of declines for the S&P 500, traders are bidding up U.S. stock indexes today. Futures for the four most-watched indexes are up this morning ahead of what has come to be seen as Wall Street’s ‘Super Bowl.’

After hours today, the world’s most valuable company — Nvidia — will report earnings. The earnings will be a test of the staying power of the AI boom, which has been shaken by worries of overbuild, valuation concerns, and worries about circular financing. Alphabet CEO Sundar Pichai said yesterday that “irrationality” in the business has made it so “no company is going to be immune” if the AI bubble does pop.

If it’s on the way to popping, the chipmaker’s report might offer the clearest indication. Per Bloomberg, analysts are looking for the chip giant to report adjusted earnings per share of $1.26 on revenue of $55.2 billion, or a 55% and 57% increase year-over-year. A remarkable 89.3% of that revenue is expected to come from data center, while the remainder is expected to come from other businesses like gaming.

Reuters reports that Nvidia could swing more than $320 billion on the report, based on options data. However, it’s hard to know how the earnings — even if strong — will be received by traders, especially given the worries seen in the market in recent days.

That said, we have a few more things on deck today. Here’s what to keep an eye on:

Per TipRanks, there’s over 50 earnings reports today aside from Nvidia‘s massively-anticipated report.

Out already this morning is Lowe’s and Target, which both cut their guidance, compounding existing concerns about the forthcoming holiday season.

Here’s a short list of today’s earnings:

Aside from earnings, we’re also expecting a light day of economic data — at least before tomorrow’s payrolls report.

Weekly housing data from the Mortgage Bankers Association is already out this morning, showing a decline in market activity as the 30Y Mortgage tipped up last week. It will be joined by overdue Import & Exports data from August, which should also be out today. And this afternoon, we’ll get a look at those FOMC Minutes at 3:00 p.m. ET.

Here’s a cropping of what’s on deck, per TradingEconomics:

This story was originally reported by TheStreet on Nov 19, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.