S&P 500 Slumps to Snap Streak Above 50-DMA as Big Tech Slides

The stock market closed positively today, with the S&P 500 rising by 0.4%, supported by gains from Block and GE Vernova. The Nasdaq Composite increased by 0.6%, buoyed by strong earnings from Nvidia. Despite mixed intraday trading, the overall sentiment was optimistic as the Dow Jones also showed positive movement.

Stocks increased as equity-index futures suggested further gains following strong earnings from Nvidia Corp., which alleviated concerns about a potential bubble in the artificial intelligence sector. The positive forecast from Nvidia has contributed to a more optimistic market outlook.

Shares of companies in the artificial intelligence sector rose in after-hours trading following Nvidia Corp.'s positive sales forecast, which alleviated concerns regarding the sustainability of the AI boom. Nvidia's results indicated strong demand for its products, contributing to a more optimistic outlook for the market.

Nvidia Corp. has projected sales of approximately $65 billion for the fiscal fourth quarter, exceeding analysts' expectations of $62 billion. This forecast indicates a robust demand for Nvidia's artificial intelligence accelerators, reflecting the company's strong position in the AI market.

The S&P 500 index ended its four-day losing streak, showing a positive shift in the U.S. market as investors awaited Nvidia's earnings report. This recovery comes after a period of declines attributed to concerns over Nvidia's performance and broader market volatility. The closing bell coverage was provided by Bloomberg Television and Radio.

The stock market is retreating as concerns rise regarding the Federal Reserve's dual mandate, the overvaluation of the S&P 500, and an exaggerated AI hype. Recent data indicates a slowdown in the jobs market, which could further impact investor sentiment and expectations.

On November 19, 2025, the stock market showed signs of recovery as the S&P 500 and Dow Jones Industrial Average ended a four-day losing streak. This positive shift was largely influenced by Nvidia's earnings report, which exceeded expectations and raised revenue forecasts. Investors had been closely monitoring Nvidia's performance due to its significant role in the tech sector and the broader market's volatility.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, expressed concerns regarding market debt issuance as the S&P 500 index has dropped over 3% this month. This decline follows pressure on major technology companies that significantly contributed to the market's gains in 2025.