Nov 18, 2025

Futures took some encouragement from Federal Reserve Governor Christopher Waller calling for more interest rate cuts to boost the labor market, although broader market expectations remained largely biased towards a December hold. S&P 500 Futures rose 0.2% to 6,702.75 points, while Nasdaq 100 Futures rose 0.2% to 24,924.0 points by 18:43 ET (23:43 GMT). Dow Jones Futures rose 0.1% to 46,724.0 points. Wall St sinks on caution over Nvidia, AI trade Wall Street indexes ended sharply lower on Monday, as investors continued to dump large technology shares ahead of quarterly earnings from NVIDIA Corporation (NASDAQ:NVDA) , due Wednesday. Nvidia fell nearly 1.9%, extending recent losses as investors locked in recent profits in the stock. The company is at the heart of a massive AI-fueled valuation surge over the past three years, although questions over this ascent have emerged in recent months. Broader tech shares also fell amid growing doubts over the long-term prospects of AI, and the potential returns from the hundreds of billions of dollars being invested in the industry. Palantir Technologies Inc (NASDAQ:PLTR) fell 1.6%, extending its losses to nearly 10% over the past five days. Alphabet Inc (NASDAQ:GOOGL) was an exception, rising 3.1% after Warren Buffett's Berkshire Hathaway disclosed a $4.3 billion position in the firm. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads Alphabet was also boosted by anticipation of Google's upcoming Gemini 3.0 AI model, with Polymarket bets showing markets expect a release on Tuesday. Still, losses in tech weighed on Wall Street, while other, cyclical sectors also retreated on caution over the U.S. economy. The S&P 500 fell 0.9% to 6,672.50 points, while the NASDAQ Composite fell 0.8% to 22,708.08 points on Monday. The Dow Jones Industrial Average fell 1.2% to 46,590.49 points. Beyond Nvidia, earnings from major retailers, including Walmart Inc (NYSE:WMT) Target Corporation (NYSE:TGT), and Home Depot Inc (NYSE:HD), are due this week. Nonfarm payrolls for Sept awaited as rate cut bets wane Focus this week is also squarely on the release of key U.S. economic readings that were delayed by a prolonged government shutdown in October. Nonfarm payrolls data for September is due on Thursday, and will be closely watched for more insight into the labor market, which is a key consideration for the Fed. Governor Waller said on Monday that the central bank should cut interest rates to prevent further deterioration in the sector. But Waller's comments, and the payrolls data, come amid waning bets that the Fed will cut interest rates in December. Said bets came as the delay of several key labor and inflation readings for October pointed to the Fed flying blind into its December meeting, making a hold more likely. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads Markets are pricing in a 40.8% chance for a 25 basis point cut during the Fed's Dec 10-11 meeting, down from 55.4% last week, CME Fedwatch showed. Markets are also pricing in a 59.2% chance for a hold. Should you be buying GOOGL right now? ProPicks AI evaluates GOOGL alongside thousands of other companies every month using 100+ financial metrics Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if GOOGL is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space? Claim Early Black Friday Sale