Traders work during the opening of the New York Stock Exchange (NYSE) market on November 18, 2025 in New York City.
Spencer Pratt | Getty Images
Stock futures were little changed Tuesday night after major U.S. indexes again extended their losses under pressure from tech stocks. Investors are now preparing Nvidia’s Earnings report that conveys the strength of AI trading.
Futures linked to the Dow Jones Industrial Average It fell by 47 points (0.1%). S&P futures decreased by 0.2%, but Nasdaq 100 futures It fell by 0.3%.
In Tuesday trading, the Dow Jones Industrial Average and S&P500 It was the fourth straight day of declines, the S&P 500 index’s longest decline since August. The Nasdaq Composite Index, which has a high proportion of tech stocks, recorded negative results for the fifth day of six trading sessions. Bitcoin briefly dipped below $90,000 on Tuesday but has since recovered, while gold prices rose from a one-week low.
Most sectors in the broader market closed higher on Tuesday, but Nvidia, Palantir, microsoft and advanced micro device Closed in red. The Technology Select Sector SPDR Fund (XLK) ended 1.6% lower. This month, technology and consumer sectors are the weakest sectors, while healthcare stands out as the strongest.
The weakness in tech stocks is emerging ahead of Nvidia’s long-awaited third-quarter earnings report, scheduled after the market closes on Wednesday. Analysts largely expect Nvidia, the biggest company in the broad market index, to significantly beat Wall Street expectations and post strong sales growth, driven by demand for AI chips and other infrastructure. But NVIDIA has a high hurdle to overcome. Investors have taken profits from tech stocks in recent days, reflecting growing concerns that the AI boom is driving up the valuations of Nvidia and other tech hyperscalers at an unsustainable pace.
Investors are also awaiting earnings reports from major retailers. target, lowe’s and TJX companies Wednesday morning. The results could give investors a more accurate picture of the state of consumer spending, especially given the lack of economic data in recent weeks due to the U.S. government shutdown.
“Tech stocks have been soaring this year, so it’s no surprise that they’re seeing higher volatility,” said Sonu Varghese, global macro strategist at Carson Group. “Despite the strong rally, investors with portfolios primarily exposed to AI-related stocks remain nervous and vulnerable to a pullback. The situation will likely worsen as many investors seek to diversify as stocks fall.”
