Good Morning Early, Readers!!
Gift Nifty is comfortably in the green despite Wall Street witnessing Tuesday’s session in the dumpster with the S&P 500 and the Dow Jones marking their 4th straight losing streak.
Sentiment at Wall Street deteriorated ahead of Nvidia’s earnings due Wednesday. So, the street is bracing for Nvidia earnings which will be scrutinized amid anxiety over stretched AI valuations.
6:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+40, 25951)
Dow Futures: (-20, 46073)
Nasdaq 100 Futures (-48, 24455)
Nikkei (-338, 48367)
Hang Seng (Closed, 25930)
Dow Jones (-499, 46092)
Nasdaq Composite (-275, 22433)
Bovespa (-471, 156522).
As on Tuesday’s closing bell, the Nasdaq Composite was down 1.2% at 22,432, the Dow Jones Industrial Average had fallen 1.1% to 46,091, and the broad-based S&P 500 was off 0.8% at 6,617.
Nvidia (NVDA) was down 2.8% as the street was awaiting Nvidia earnings and CEO Jensen Huang’s press conference.
The Next Big Catalyst: This week, all eyes will be on the FOMC Minutes from the latest meeting to trickle in this Thursday, November 20th.
The minutes will offer deeper insight into the Federal Reserve’s thinking after it lowered the federal funds rate by 25 bps at its October 2025 meeting, bringing the target range to 3.75%–4.00%.
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