Stocks fell on Thursday, as a market-wide rally sparked by blockbuster Nvidia results and guidance gave up steam and as investors lost hope that the Federal Reserve would cut rates again in December.
The Dow Jones Industrial Average fell 386.51 points, or 0.84%, to settle at 45,752.26, after rallying more than 700 points at session highs. The S&P 500 shed 1.56% to end the day at 6,538.76, despite rising as much as 1.9% earlier in the day. The Nasdaq Composite fell 2.16% to finish at 22,078.05, down from a 2.6% advance at one point in the session.
Nvidia’s reversal dragged the broader market down. Shares had gained as much as 5% after the chipmaker released better-than-expected quarterly results and an upbeat fourth-quarter sales forecast. However, the stock ultimately closed down 3%, despite CEO Jensen Huang’s reassurances that demand for its current-generation Blackwell chips are “off the charts.” He also rejected the idea of an AI bubble.
Source: https://www.cnbc.com/2025/11/19/stock-market-today-live-updates.html