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Informist, Tuesday, Nov. 18, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end dn; tech stocks falter ahead of Nvidia earnings

 

MUMBAI--0740 IST--Equity indices in the US closed sharply lower Monday as a decline in shares of several technology companies, including those of index heavyweight Nvidia Corp., weighed on the market. Traders await the release of September non-farm payrolls data, which was delayed amid a data blackout caused by the US government shutdown.

 

Shares of Nvidia fell almost 2% ahead of the company's September quarter results, due to be released late Wednesday. Traders will keenly monitor the chip giant's earnings amid concerns of stretched valuations of artificial intelligence companies, which have been a source of major trader concern recently in the US equity market. "It'll be, on one hand, important for Nvidia to confirm that demand is still there, that they're not seeing a slowdown... But unless they take it a step further, I think it's only going to leave the second question more open-ended, which is, ‘We know there's demand for compute, (so) what is the (return on investment) for the firms that are buying all of these chips? If they offer any even slightly muted guidance or forecast for demand for their chips, the market would take that poorly," CNBC quoted Baird investment strategist Ross Mayfield as saying.

 

Shares of private credit lended Blue Owl Capital fell almost 6% amid concerns about its heavy lending related to the AI datacentre buildout, CNBC reported. Shares of Dell Technologies slumped over 8?ter they were reduced to 'underweight' from 'overweight' by Morgan Stanley. Meanwhile, shares of Quantum Computing Inc. rose nearly 9?ter beating September quarter earnings estimates. Shares of Google's parent company Alphabet rose a little over 3?ter Berkshire Hathaway revealed a stake of $4.3 billion in the company.

 

Shares of Lithium miner company Albemarle Corp. rose a little over 2% as lithium prices rose sharply after one of China's major suppliers delivered a bullish forecast for the battery material, Bloomberg reported.

 

Traders will focus on Thursday's September non-farm payrolls data, which was delayed due to the US government shutdown. Fed fund futures traders have been reducing their expectations that the US Fed will lower its benchmark overnight borrowing rate by 25 basis points at its December meeting. There is 43% chance of a rate cut, down substantially from the 94% probability priced in a month ago, according to the CME FedWatch tool.

 

Following are the closing levels of US indices Monday :

 

Index	Level	Change in %
S&P 500	6672.41	(-)0.92
NASDAQ Composite	22708.08	(-)0.84
Dow Jones Industrial Average	46590.24	(-)1.18

 

 

(Eshitva Prakash)

 

End

 

US$1 = 88.63 INR 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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