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postUS stock futures climbed on Thursday as blockbuster (NVDA) earnings helped rekindle faith in the AI trade by easing bubble fears, while hopes for a December interest-rate cut faded further.
The tech-heavy Nasdaq 100 (NQ=F) led the way higher, with futures rising roughly 1.8%. while S&P 500 futures (ES=F) were up about 1.3%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, rose 0.7%.
Nvidia stock surged more than 5% in premarket trading after the chipmaker delivered an earnings beat and issued a stronger-than-expected revenue outlook for the fourth quarter. CEO Jensen Huang said demand for the company’s Blackwell processors is “off the charts,” easing concern that the recent cooldown in AI-linked stocks signaled a longer-term slowdown.
The upbeat market reaction followed a modest rebound on Wednesday, which saw the S&P 500 (^GSPC) and Dow (^DJI) both break a four-day losing streak. Despite the bounce, the major US indexes remain in negative territory for the week amid a broader pullback in growth stocks.
Elsewhere in earnings, Walmart (WMT) raised its full-year forecasts after it beat on profit and sales in the third quarter. Its shares wavered as investors assessed the big-box retailer’s report, seen as a window into the strength of the consumer heading into the holiday season.
Investors will turn next to Thursday morning’s September nonfarm-payrolls report from the Bureau of Labor Statistics, which had its release pushed back due to the federal government shutdown.
Eyes are on the monthly jobs report as the first major insight into the US economy since the stoppage, which left Wall Street flying blind in trying to gauge the odds of interest rate cuts from the Federal Reserve. It’s come into even higher focus since the the BLS canceled the October edition and moved the November update back to Dec. 16.
Economists expect around 50,000 were added in September, compared with August’s gain of 22,000. The unemployment rate is seen as holding steady on the month at 4.3%, when the report is released at 8;30 a.m. ET.
Minutes from the Fed’s October meeting showed policymakers have “strongly differing views” over whether a cooling labor market or stubborn inflation poses the greater risk to the economy. The divide fed uncertainty over the central bank’s December decision, with a number of officials signaling no further rate cuts ahead.
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Unemployment ticked up more than expected in September
The US unemployment rate rose more than expected in September to 4.4%.
The Bureau of Labor Statistics released its monthly jobs report for September at 8:30 a.m. ET on Thursday after a six-week delay due to the longest-ever government shutdown.
August’s jobs report had shown the unemployment rate stood at 4.3%. Economists polled by Bloomberg expected the rate to remain unchanged in September, while the Federal Reserve Bank of Chicago projected that it had inched up to 4.35%.
At the same time, September’s “Employment Situation” report showed the US economy added 119,000 jobs during the month, well above the modest gain of 51,000 positions expected by economists, per Bloomberg data.
The BLS’s monthly jobs reports are widely watched, giving investors an overview of the health of the US labor market. It also factors into the Fed’s interest rate policy decisions.
Also on Thursday, Labor Department data showed fewer than anticipated US jobless claims in the week through Nov. 15. The initial unemployment filings totaled 220,000 versus the 227,000 expected, according to Bloomberg data.
Read more here.
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Nvidia says it’s ‘disappointed’ as China business falls flat amid geopolitical turmoil
As the dust settles on Nvidia’s (NVDA) solid earnings beat and guidance raise, my colleague Laura Bratton notes that China remains a sore spot for the AI chipmaker.
Laura reports:
Read more here.
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Walmart earnings, sales top expectations as company raises full-year forecasts
Walmart (WMT) stock was muted after the company reported third quarter results, showing that the world’s largest retailer still sees growth despite an uncertain consumer environment that caused some of its rivals to stumble.
Shares fell 0.2% in premarket trading after initially dipping 2%.
Yahoo Finance’s Brooke DiPalma reports:
Read more here.
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Asia tech stocks rise in wake of Nvidia’s stellar earnings
Technology stocks in Asia popped on Thursday after Nvidia (NVDA) earnings dampened fears of an AI bubble.
Shares of Taiwan’s TSMC (TSM, 2330.TW), the world’s largest contract chipmaker and a major supplier of chips to Nvidia, jumped 4.3%. Its US-listed stock rose 2.6% in premarket.
Another Nvidia partner, South Korea’s SK Hynix (000660.KS, HXSCL), saw its shares rise 1.6%, while its peer Samsung Electronics (005930.KS, SSNLF) gained nearly 4.3%.
The moves sent the tech-heavy Taiwan and South Korea stock indexes higher, while in Japan, the Nikkei (^N225) advanced over 2.6% and at one point reclaimed the key 50,000 level in the session.
Read more here.
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Is the ‘no-hire, no-fire’ labor market narrative breaking as job cuts mount?
Yahoo Finance’s Emma Ockerman looks at what layoffs are telling us about the jobs market with delayed official data finally about to land.
She reports:
Read more here.
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AMD, Micron, other chip stocks rise in wake of Nvidia’s report
Shares of some of the largest tech and chip companies rose in premarket trading after Nvidia’s (NVDA) earnings results provided much-needed reassurance to investors skittish over the AI trade.
AMD (AMD) stock jumped nearly 5%. Shares of Micron (MU) and Broadcom (AVGO) both rose about %. Megacap tech companies — such as Meta (META), Microsoft (MSFT), and Google (GOOG) — also ticked up after the report’s release.
Meanwhile, Nvidia (NVDA) shares rose over 5% as investors assessed its earnings.
Read more about the results here.
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Gold levels as Fed minutes lower investor hope for a rate cut
Bloomberg reports:
Read more here.
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Wed, November 19, 2025 at 11:40 PM UTC
Nvidia stock spikes on Q3 earnings beat as CEO Jensen Huang reaffirms ‘off the charts’ AI chip demand
Nvidia (NVDA) stock jumped as much as 4% after the AI chip leader’s third quarter results beat analysts’ estimates on the top and bottom lines and offered a better-than-anticipated outlook.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” Nvidia CEO Jensen Huang said in a statement.
Yahoo Finance’s Daniel Howley reports:
Read more about Nvidia’s results here.
