Wall Street indexes end lower after sharp reversal, tech leads drop
By Caroline Valetkevitch Thu November 20, 2025 5:17 PM
Today was a grand example of why Wall Street is so much fun. Everyone thought the market was going to soar today given Nvidia’s surprising and wonderful Q3 report that was released right after the bell and resulted in a big jump in their stock price. But that’s not what happened. Even though all the indexes started the day way up, the Dow up some 800, the Nasdaq some 600, it only lasted until about 11:00 a.m. when it began plunging and went straight down the rest of the session with all three closing into serious 3-digit losses again. Even the S&P was down 3-digits.
The swing between the high and the low was nearly 1200 on the Dow, 1100 on the Nasdaq. The plunge is a mystery but some rightly attribute it to the meager jobs data released today which, though not a surprise, still reinforced the notion that the economy was weakening and even Nvidia’s wonderful report was no longer sufficient to allay fears of stretched valuations and an AI bubble. Nvidia actually fell 8% from its morning high putting it down 3.2% while the chip index fell 4.8% reflecting the fact that most chip companies followed in Nvidia’s path. Volume came in above the 19.94 billion average at 21.45 billion.
DJ: 46,138.77 +47.03 NAS: 22,564.23
+131.38 S&P: 6,642.16
+24.84 11/19
DJ: 45,752.26 -386.51 NAS: 22,078.05
-486.18 S&P: 6,538.76
-103.40 11/20
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