US stocks regain momentum as they await Nvidia's earnings report

US stocks were steady while European markets fell slightly on November 19, as investors awaited Nvidia's business results.

Traders at the New York Stock Exchange, USA. Photo: THX/TTXVN

At the close of the session on Wall Street, the Dow Jones Industrial Average rose 0.1% to 46,138.77 points. The S&P 500 Composite Index rose 0.4% to 6,642.19 points, while the Nasdaq Composite Technology Index also advanced 0.6% to 22,564.23 points.

Stock markets across the Atlantic were mixed. The FTSE 100 in London fell 0.5% to 9,507.41 points at the close. The CAC 40 in Paris fell 0.2% to 7,953.77 points. The DAX in Frankfurt also fell 0.1% to 23,162.92 points.

David Morrison, senior market analyst at investment brokerage Trade Nation, said selling pressure has eased from earlier in the week, but investors are reluctant to increase their overall risk exposure ahead of chip giant Nvidia's earnings report.

Nvidia shares closed up 2.9% in New York before the company reported earnings.

Investors have had a tough November, with many suggesting that this year’s tech-led rally may have gone too far. With the “Magnificent Seven” – Amazon, Meta, Alphabet, Nvidia, Apple, Microsoft, Tesla – having propelled Wall Street to record highs recently, investors are worried that any signs of weakness in earnings could puncture the artificial intelligence (AI) bubble. They fear that the hundreds of billions of dollars poured into the new technology sector may have been excessive.

Also on November 19, the market received the minutes of the US Federal Reserve's late October meeting. The minutes showed that many officials were inclined to keep interest rates unchanged in December. However, such an outcome would likely displease US President Donald Trump, after he announced on the same day that he "would love to fire" Fed Chairman Jerome Powell.

In the domestic market, at the end of the session on November 19, the VN-Index decreased by 10.92 points (0.66%), down to 1,649 points. The HNX-Index decreased by 2.33 points (0.87%), down to 265.03 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-my-lay-lai-da-tang-khi-cho-bao-cao-kinh-doanh-tu-nvidia-20251120075446322.htm