US stock market futures today: Dow, S&P 500, Nasdaq slip as AI stocks fall and Bitcoin breaks below $90,000
US stock market futures opened weaker today as pressure on major indexes deepened, with investors reassessing the sustainability of this year’s sharp tech and AI-led rally. The Dow Jones, S&P 500, and Nasdaq futures all slipped after the S&P 500 logged three straight sessions of losses, driven by renewed caution around lofty valuations in AI-linked giants such as Nvidia and Oracle. These stocks faced fresh selling on Monday as concerns rose over massive borrowing tied to data-center expansion and whether future earnings can justify current price levels.
The Dow futures dropped around 140 points, while S&P 500 and Nasdaq futures also moved lower in early trading. Bitcoin added another layer of volatility after briefly falling below $90,000 overnight. The cryptocurrency market has erased more than $1 trillion in value since October, with Bitcoin alone sinking over 25% from its record high near $126,000.
Investors now turn their focus to a pivotal week of earnings, including Home Depot on Tuesday and Lowe’s, Target, and Nvidia on Wednesday, seeking clearer signals on consumer strength and the broader economic outlook. Treasury yields continued to decline for a second session, and gold futures extended losses, reflecting shifting risk sentiment across markets.
U.S. Stock Futures Slip amid Tech Sell-Off and Nvidia Earnings Ahead
U.S. stock futures slipped early Tuesday as tech stocks continued to fall. Nasdaq 100 futures dropped 0.78%. S&P 500 futures fell 0.60%. Dow Jones Industrial Average futures slid 0.40%. The declines were recorded at 3:05 a.m. EST on November 18. The weakness followed a sharp sell-off in AI and large-cap tech shares.
All three major indexes ended Monday with steep losses. The Nasdaq Composite fell 0.84%. The S&P 500 dropped 0.92%. The Dow Jones Industrial Average declined 1.18%. Investors grew cautious about the durability of the AI rally and the upcoming Federal Reserve rate decision.
Is Nvidia earnings week shaking the Nasdaq and the broader tech sector?
Nvidia’s Q3 earnings report comes Wednesday, November 19. NVDA shares slipped 1.88% on Monday. Wall Street expects another strong AI-driven quarter. But expectations are high, and any slowdown could weigh heavily on the Nasdaq, semiconductor stocks, and the broader S&P 500 tech sector. Nvidia’s results will likely set the tone for the week.
What economic data will move the Dow, S&P 500, and Nasdaq this week?
Markets are eyeing Thursday’s delayed September Non-Farm Payrolls report. Traders also await the Federal Reserve’s October meeting minutes. Both releases could shift expectations for future rate cuts or hikes, which directly affect the Dow and broader equity sentiment. Retail earnings are another major focus. Home Depot fell 1.19%. Baidu slipped 1.63%. PDD Holdings dropped 1.46%. These results will offer new clues on consumer spending and demand ahead of the holiday season.
How are Treasury yields, oil, and gold moving today?
The U.S. 10-year Treasury yield eased toward 4.11%, helping stabilize the S&P 500 after Monday’s drop. WTI crude oil futures traded near $59.42 a barrel. Gold Spot prices slipped toward $4,015 per ounce. Commodity weakness contributed to the risk-off mood across markets.
Why are Europe and Asia tracking the U.S. decline?
European markets opened lower on Tuesday. The region mirrored the pullback in the Dow, S&P 500, and Nasdaq as concerns over AI valuations continued.
Asia-Pacific markets also declined sharply. Hong Kong’s Hang Seng Index dropped 1.79%. The Shanghai Composite lost 0.81%. The Shenzhen Component fell 1.24%. Japan’s Nikkei posted the steepest loss, sliding 3.22%. The Topix fell 2.88%. Investors reacted to tech weakness and rising Japan–China trade tensions.
Which global companies are driving today’s tech and retail headlines?
Apple fell 1.82% on Monday. However, its China outlook improved. Apple’s smartphone sales in China surged 37% in October after the iPhone 17 launch. Alphabet gained 3.11% after CEO Sundar Pichai warned that an AI bubble burst would affect every company.
Target reports Q3 FY2025 earnings on Wednesday. TGT stock is down 34.5% year-to-date. Wall Street expects revenue of $25.33 billion, a 1.3% decline. Analysts see adjusted EPS at $1.71, a 7.6% yearly drop due to margin pressure.
Japan’s RIKEN will deploy two AI systems built with Nvidia’s GB200 NVL4 platform. One system uses 1,600 Blackwell GPUs connected via Quantum X800 InfiniBand. The systems will support research in climate science, life sciences, and advanced compute tools blending AI and traditional processing.