Stock Market Today: Nasdaq Leaps 2% After Nvidia’s Strong Earnings

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Happy Thursday. This is TheStreet’s Stock Market Today for Nov. 20, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 9:35 a.m. ET

Opening Bell

The U.S. markets are now open. Out of the gate, the Nasdaq (+2.2%) is up over 2%, while the S&P 500 (+1.61%) and Dow (+1.31%) are up over 1%. The Russell 2000 (-0.04%) is nearly flat.

Stocks are jumping after Nvidia reported strong earnings yesterday after the market close. Here’s the Nasdaq this morning for some context on how that’s going:

We’ll be back for more updates as the market gets on its feet for the morning, which will be added here.

Update: 8:48 a.m. ET

Premarket Movers: Exact Sciences, Nvidia, Bath & Body Works, Palo Alto Labs

The market opens in less than an hour, but we’ve already got a few firms making moves this morning. Here are the premarket movers, per MarketWatch:

One of the biggest stories this morning is Exact Sciences, which announced that it would sell to Abbott for over $21 billion; the biggest health care deal of 2025.

On the other end of the market is Bath & Body Works, which is plummeting after it slashed its forecast amid weak demand for home products. It was last down over 17%.

Update: 8:32 a.m. ET

September Payrolls Add 119K Jobs

The long-overdue September payrolls are out, showing that the U.S. economy added over 119,000 (vs. 50,000 expected.) That sufficiently offset the 33,000 payrolls subtracted from revisions in the previous two months. Meanwhile, the unemployment rate ticked up to 4.4% (from 4.3%).

Update: 8:01 a.m. ET

A.M. Update: Nvidia Shows the Doubters

Good morning. Some might even call it a great morning. U.S. stock futures are soaring into the morning trade after Nvidia knocked its Wednesday P.M. earnings out of the park.

The company reported adjusted earnings per share of $1.30 on $57.01 billion in revenue, growing 62% and 67% respectively year-over-year. In tandem with the report came more optimistic guidance for the coming quarter, prompting upgrades across Wall Street. It’s up more than 4% in the premarket this morning.

You can count that in the wins category for traders, especially amid concerns about the AI bubble popping. Earlier this week, we covered the confluence of factors which might weigh (or benefit) markets up to the December Fed meeting — and clearing the earnings hurdle could prove one of the best outcomes that investors could have gotten. However, the market will need to maintain that momentum this morning as we juggle a little bit of old news.

This morning, the Bureau of Labor Statistics will release the September jobs report at 8:30 a.m. ET after a six-week delay. Expectations are that the report will show job growth of about 50,000, up from the 22,000 reported in August. Meeting the mark might be enough here, especially since: 1) we won’t be getting new payrolls data until mid-December; and 2) there’s a slew of other reports coming out today.

Speaking of which, here’s what is on deck for today:

Earnings Today

Walmart earnings, already out this morning, are the top earnings report of the day — and that’s another point in the wins column as the retailer topped expectations and raised its guidance for the year, even as the picture for consumers remains relatively uncertain. It’s flat in the premarket.

That said, there are more earnings where that came from, but with Nvidia’s earnings in the rear view, we’re now starting to wave goodbye to earnings season. Here are today’s largest reports, per Nasdaq:

Economic Events + Data

Aside from payrolls for September, we’re also going to be getting some fresher data in the form of Existing Home Sales (October), the Philly Fed Business Conditions (November) and Kansas Fed Composite (November). Here’s everything coming down the pipeline today from the establishment: