Saifutdinova Venera

Venera Saifutdinova

Oninvest reporter
U.S. stocks rose in early trading after four days of selling. Ahead of the Nvidia report

U.S. stocks opened trading on Nov. 19 with gains after a four-day selloff.

Thus, the S&P 500 was adding about 0.4% shortly after the opening, and then accelerated to +1%. The Dow Jones blue-chip index fluctuated within 0.1%, then exceeded 0.2%. And the Nasdaq Composite, in which technology companies are heavily weighted, jumped 0.5% at first and then climbed 1.5%.

Nvidia shares were up more than 3% ahead of the quarterly earnings report to be released after the close of trading. Alphabet (Google's holding company) set a new record and was up more than 6% at the moment.

Nvidia will determine the market's movement

Nvidia's reporting is so important because the company represents 7.5% of the S&P 500 index. An unexpectedly weak report will almost certainly deal a blow to the index's double-digit growth this year, Barron's said.

The position of Nvidia shares before reporting looks weak, the edition notes. Over the past month, the value of securities actually did not change. At the same time, Nvidia securities grew on average by 9.7% during the month before the publication of results in the period from 2020 to August 2025, Barron's cited Dow Jones Market Data.

Nvidia will release the report at a time when fears of a bubble in the tech sector have begun to grow again, Deutsche Bank global head of macroeconomic and thematic research Jim Reid said in a MarketWatch statement.

Bitcoin remained down about 1.5% and has fallen in price by 13% over the past seven days, the CoinGecko service shows. Spot gold prices rose 1.3% to $4120 per troy ounce.

Context

In the last four trading days, U.S. stock indices have been declining due to concerns about artificial intelligence and the likely refusal of the U.S. Federal Reserve from another rate cut at the meeting in December. In addition, the markets are under pressure from profit taking by hedge funds and the forecast of a weak employment report, writes Barron's.

Investors counting on a solid rebound after stocks declined in recent days will probably have to wait, predicted Dennis Deboucher, chief market strategist at 22V, as quoted by MarketWatch. Buying on the downturn has been a winning strategy all year, but now it's much more likely that the market will move up and down with no discernible progress, the analyst suggested.

"Markets will remain "violently flat": sharp moves with no clear direction in the short term. Uncertainty around returns on AI capital investment for highly leveraged companies (e.g., Oracle, private equity) is unlikely to clear until after January reports. "Mixed macro data forms a story-driven trade that can oscillate between hawkish and dovish sentiment, with more data coming out in the coming months," Debucher said.

New Constructs CEO David Trainer characterized the stock's recent decline as a "breather." He, too, believes the market could remain volatile for the rest of the year, as any news has long been perceived as positive, MarketWatch added.

This article was AI-translated and verified by a human editor

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