Review & Preview: Trading Blind

Nov 14, 2025 19:55:00 -0500 by Alex Eule | #Markets #Review & Preview

Whipsawed. Stocks continued their selloff this morning, with the Nasdaq Composite down as much as 1.9% shortly after the open of trading. But AI skeptics, it seems, are also opportunistic traders, and this was a chance to buy on the dip. The Nasdaq soared back, to close the day up 0.1%. My colleague Connor Smith notes that it was the tech-heavy’s biggest comeback from an intraday low since April 7.

The S&P 500 almost erased its losses too, before giving back ground late in the trading session. It ended down 0.1%, while the Dow Jones Industrial Average shed 310 points, or 0.7%.

Much of this week’s volatile trading has taken place in a relative vacuum for economic data and earnings news. The spigot will reopen next week with important reports from Nvidia, which will shed new light on the AI trade, and from Home Depot, Walmart and Target, which will provide an important state-of-the-consumer update.

Meanwhile, economic data that was delayed because of the shutdown will start to reappear. The U.S. Bureau of Labor Statistics said it would release its September jobs report on Thursday. October data remains in a state of flux.

Company

Last

Chg

Chg%

Dow Jones Industrial Average

46,151.40

-438.84

-0.94%

S&P 500 Index

6,630.36

-42.05

-0.63%

NASDAQ Composite Index

22,493.01

-215.06

-0.95%

Market Data as of

The Hot Stock: DoorDash +6.0%
The Biggest Loser: Solstice Advanced Materials -4.8%

Best Sector: Energy +1.7%
Worst Sector: Financials -1.0%

Created with Highcharts 9.0.1Friday, Nov. 14Index performanceSource: FactSetAs of Nov. 18, 3:50 p.m. ET

Created with Highcharts 9.0.1Nov. 18-2.25-2.00-1.75-1.50-1.25-1.00-0.75-0.50-0.250%S&P 500Dow industrialsNasdaq Composite

This Weekend’s Magazine

The Calendar

While the government has reopened it is unclear if and when some of the delayed economic data will be released. The Bureau of Labor Statistics announced it would release the September jobs report next Thursday, but the White House said this past week that the October jobs report and consumer price index might never be released.

Other information next week includes the minutes from the FOMC’s late-October meeting, released on Wednesday, along with the Census Bureau’s housing starts data, released on Thursday. On Friday, S&P Global releases both its Manufacturing and Services Purchasing Managers’ Indexes.

On the earnings front, Nvidia, once dubbed the “the most important stock on earth” by Goldman Sachs, announces quarterly results on Wednesday. The company is an artificial-intelligence bellwether and the most valuable company in the world, so its earnings conference call will be must-see-tv for Wall Street this week.

Retailers will also feature heavily on the earnings calendar, with Home Depot reporting results on Tuesday and Lowe’s and Target reporting on Wednesday. Industry titan Walmart, whose CEO since 2014, Doug McMillion, just announced he is stepping down, releases earnings on Thursday.

—Dan Lam

What We’re Reading Today

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