UPDATE: U.S. stock futures signal another day of declines as tech stocks and cryptocurrencies struggle to recover. As of 2:23 a.m. ET on November 18, 2025, Nasdaq futures indicate a drop of nearly 1%, while the Russell 2000 and S&P 500 are projected to fall by 0.89% and 0.69%, respectively. This follows three consecutive days of losses, raising concerns among investors.
The declines occur despite 82% of S&P 500 companies reporting earnings surprises, according to FactSet. However, negative outlooks are dominating, contributing to the pervasive unease in the market. With earnings growth anticipated to be stronger than expected, the volatility raises questions about market stability.
Crucial factors are at play this week that could impact trading significantly:
Nvidia’s Earnings Report is highly anticipated on Wednesday. The tech giant’s performance could offer insight into the health of the AI sector, which has recently shown signs of instability. Market sentiment is tentative, particularly following mixed signals regarding the data center and AI trades.
Cryptocurrency Collapse: Bitcoin has plummeted below $90,000, prompting fears about the state of speculative retail trading. The cryptocurrency market’s weakness is expected to affect equities tied to crypto, as well as ‘low-quality’ assets and recent IPOs, which have all begun to falter.
Tariff Concerns: The ongoing Trump tariff case has reached the Supreme Court, raising skepticism among justices, including conservatives. Market analysts are keeping an eye on this development, as the potential resolution could surprise investors.
Jobs Data: The long-awaited jobs report, originally due on October 1, will be released this Thursday. This data is expected to provide clarity on the labor market slowdown, but its relevance is diminished due to its delayed release.
This morning, traders can expect reports from major companies such as Home Depot, PDD Holdings, and Medtronic, among others. The market will also be closely monitoring the weekly ADP Employment Change data and other economic indicators.
As the trading day unfolds, market participants are advised to remain vigilant and prepared for further volatility. Investors are encouraged to keep a close watch on Nvidia’s upcoming earnings and the broader implications of the cryptocurrency market’s struggles.
Stay tuned for live updates and critical insights as this situation develops.