Nasdaq, S&P 500 Set for Declines as Tech and Crypto Struggle
UPDATE: U.S. stock futures indicate further declines for the Nasdaq and S&P 500 as technology and cryptocurrency sectors face ongoing challenges. As of 2:23 a.m. ET on November 18, 2025, Nasdaq futures are projecting a nearly 1% drop, while the S&P 500 and Russell 2000 are expected to decline by 0.69% and 0.89% respectively.
This alarming trend follows three consecutive days of losses in U.S. markets, raising concerns among investors. Despite a significant 82% of S&P 500 companies reporting earnings surprises, the outlook remains bleak, with negative forecasts outweighing positive ones.
Key factors influencing today’s market include the highly-anticipated earnings report from Nvidia set for tomorrow. Investors are anxious to see how the tech giant will perform amid rising uncertainty in the AI and data center sectors. Any signs of weakness could further shake investor confidence.
Additionally, the cryptocurrency market is facing turmoil, with Bitcoin plummeting below $90,000 on Monday night. A continued downturn in crypto prices could spill over into traditional markets, particularly affecting speculative stocks and recently launched IPOs.
The Trump tariff case has also reached the Supreme Court, generating skepticism among judges which could result in significant implications for trade policies. While discussions of tariffs have waned during recent earnings calls, unexpected changes could impact market sentiment.
Moreover, traders are eagerly awaiting delayed jobs data, which was due on October 1. The long-overdue September payroll report is expected this Thursday, providing insights into the labor market’s slowdown, though it may not significantly sway market movements.
This morning, investors are also looking for earnings reports from major firms including Home Depot, PDD Holdings, and Medtronic. Market watchers are advised to stay tuned for the latest updates as the situation evolves throughout the day.
The combination of disappointing market forecasts, turbulent tech earnings, and volatile cryptocurrency prices highlights a precarious environment for investors. As the day unfolds, all eyes will be on how these developments shape trading activity and investor sentiment across the globe.
