“2:43 a.m. Traders work on the floor of the New York Stock Exchange (NYSE) on November 20, 2025 in New York. Shares rose more than 500 points after Nvidia reported third-quarter earnings that beat expectations on Wednesday. Spencer Platt/Getty Images Stocks closed sharply lower on Thursday, erasing an early-day rally on the back of massive earnings from the chip giant […]”, — write: businessua.com.ua
2:43 a.m. Traders work on the floor of the New York Stock Exchange (NYSE) on November 20, 2025 in New York. Shares rose more than 500 points after Nvidia reported third-quarter earnings that beat expectations on Wednesday. Spencer Platt/Getty Images
Stocks closed sharply lower on Thursday, erasing an earlier rally on the back of massive earnings from chip giant Nvidia and a better-than-expected jobs report.
Dow Jones Industrial Average index closed up about 380 points, or 0.8%, while the S&P 500 fell 1.5%. The Nasdaq technology index fell 2.1%.
This return marked a major reversal from the morning’s highs. The Dow rose 1.2% in early trading, while the S&P 500 jumped 1.8% and the Nasdaq rose 2.5%.
Shares of Nvidia, the $4.5 trillion company behind many of the chips that power artificial intelligence products, closed down nearly 3% after a sharp rise earlier in
The stock market sell-off in recent days underscored the uncertainty hanging over the economy as some investors warned of an AI bubble. A burst of earnings from Nvidia on Wednesday night appeared to belie such concerns, but it temporarily revived enthusiasm for the AI trade, which has fueled the market’s strong rally this year.
The S&P 500 soared 15% in 2025, while the Dow rose 10%. The Nasdaq is up 19% this year.
Investors also appeared to be drawing optimism from Thursday morning’s jobs report, which showed much more hiring than economists had expected. The latest data points to a slowdown in hiring seen over the summer.
Tesla CEO Elon Musk speaks with Nvidia CEO Jensen Huang during the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington. Win McNamee/Getty Images
The U.S. added 119,000 jobs in September, according to the U.S. Bureau of Labor Statistics. The number marked an acceleration from the previous month and exceeded the average of nearly 100,000 jobs added per month during the first half of 2025.
However, the report contained a downward revision for the month of August, a decline in productivity from 22,000 jobs gained in the month to 4,000 jobs lost.
Walmart’s earnings release on Thursday morning also beat expectations, offering some reassurance about the health of consumer spending.
Inflation has risen in recent months while hiring has fallen sharply, creating the risk of an economic double whammy known as “stagflation.”
These economic conditions have put the Federal Reserve in a difficult position, as the central bank must balance the dual mandate of keeping inflation under control and maximizing
In recent months, concerns have weighed on labor market tensions, prompting the central bank to cut interest rates by a quarter of a percentage point in each of the last two
Markets on Thursday morning welcomed news of a potential interest rate cut at next month’s Fed meeting. The odds of a quarter-point rate cut rose from 33% on Wednesday afternoon to 43% on Thursday morning, according to the CME FedWatch Tool, a gauge of market sentiment.
Source: abcnews.go.com
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