TheDrop Market Analysis, 11/17/25
- Alexangel Ventura
- Nov 17
- 2 min read
Markets sank as Nvidia's earnings report on Wednesday looms over, in conjunction with September's jobs report, delayed from the previous government shutdown, now the longest in American history.
The Russell 2000, a primarily smaller business-heavy index fund, led today's losses with its substantial 1.96% decline in point value. The Dow Jones Industrial Average followed closely behind with its 1.18% loss, along with the S&P 500 falling 0.92%, and the Nasdaq Composite falling 0.84%. The VIX volatility index surged 12.86%, representing the steep losses experienced throughout the day as opposed to the marginal, linear shifts we've largely experienced over the past few weeks.
European stocks continued their downward trend from last week fueled by AI pessimism from poor earnings reports. The British FTSE 100 fell 0.24%, the German DAX P fell 1.2%, and the French CAC 40 fell 0.63%. The Euronext 100 index likewise fell 0.55%. In Asia, stocks similarly fell, with the SSE Composite falling 0.46%, the Hong Jong Hang Seng falling 0.71%, and the Japanese Nikkei 225 falling 0.1%.
Cryptocurrencies and precious metals made each other equal in losses, with gold falling 1.2%, silver falling 1.25%, and several crypto varieties like Bitcoin and Ethereum falling by at least 1%.
Stocks largely fell as investors had low hopes for Wednesday's earnings report for Nvidia, which has been expected to be underwhelming as a result of stock overvaluation, weakening AI demand, and gradually less-overperforming earnings reports since earlier this year. Nvidia's stock decline was further exacerbated by Peter Thiel's hedge fund Thiel Macro, having sold its entire stake of Nvidia. And, investors have minimal expectations for a long overdue jobs report expected to be released on Wednesday, which could determine if a rate cut is coming in December.
Google had a strong 3.11% spike in share price after the news of Warren Buffett's Berkshire Hathaway having bought billions in Alphabet Inc. stocks, now numbering just under $5 billion.
