NVDA Earnings After Bell; Oil Swoons & Gold Rises

Author

Tom White
November 19, 2025

U.S. stock futures are modestly higher ahead of the Wall Street open after falling again on Tuesday.

The moves come on the heels of four consecutive days of losses for the benchmark S&P 500 (SPX) and Dow Index ($DJI). Tech weighed on markets yesterday with losses in Nvidia (NVDA), Microsoft (MSFT) and Amazon (AMZN) pressuring the major indices.

Investor focus turns to Nvidia (NVDA) earnings after the close. The chipmakers stock is 7.4% of the S&P 500, 13.7% in the Nasdaq-100 (NDX) and 2.4% in the Dow Index — so its results will have a major impact to the overall market.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are down 2.5% near $59 a barrel as an industry report showed higher crude inventories in the United States, reinforcing concerns about oversupply, though price declines were limited by a tighter fuel market because of attacks against Russian oil infrastructure.

  • Gold (/GC) – Gold prices are up 1.3% near $4115 as investors sought safe-haven assets, with attention turning to the Federal Reserve’s minutes from its most recent meeting and a delayed U.S. jobs report for clues on future rate moves.

  • Bitcoin (/BTC) – The Crypto Future is down over 1.0% near 91,500 in premarket trading and hit nearly 7-month lows yesterday below 90K before rebounding.

  • VIX – The CBOE Volatility Index rose 10% on Tuesday and settled at 24.69 as stocks fell.

  • U.S. Dollar (/DX) – The dollar is 0.2% higher to 99.6.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

LOW

Lowe’s

+6.34%

ALB

Albemarle

+3.80%

CEG

Constellation Energy

+2.87%

TGT

Target

-2.86%

VLO

Valero Energy

-1.31%

MPC

Marathon

-1.10%

Economic Data

Time

Event

7:00 AM ET

MBA Mortgage Applications

8:30 AM ET

Housing Starts/Permits

Intl. Trade in Goods/Services

10:00 AM ET

Fed’s Miran Speaks

Atlanta Fed Business Expectations

10:30 AM ET

Oil Inventories

1:00 PM ET

20-Year Bond Auction

2:00 PM ET

FOMC Minutes

Fed’s Williams Speaks

Notable Earnings

Premarket

Postmarket

Premarket Tomorrow

Postmarket Tomorrow

DY, GDS, KC, LOW, TGT, TJX, VIK, WSM, WIX

BV, BLSH, JACK, NVDA, PANW, ZTO

BBWI, J, NTES, VIPS, WMT, ZIM

CPRT, GAP, INTU, POST, ROST, VEEV

Upgrades/Downgrades

  • Scotiabank upgrades Freeport-McMoRan (FCX) to Outperform from Sector Perform

  • Jefferies upgrades DoorDash (DASH) to Buy from Hold

  • Canaccord upgrades Lithium Americas (LAC) to Hold from Sell

  • KGI Securities downgrades Home Depot (HD) to Neutral from Outperform

  • Wells Fargo downgrades Molson Coors (TAP) to Equal Weight from Overweight

  • Bernstein downgrades PDD Holdings (PDD) to Market Perform from Outperform

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.