We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pre-markets Stay Red Ahead of NVIDIA Earnings, Jobs Data
Read MoreHide Full Article
Tuesday, November 18, 2025
November continues its equity market mudslide this morning, as trepidation grips the market ahead of two important releases later this week: NVIDIA’s (NVDA - Free Report) earnings report after the bell tomorrow and the Employment Situation report for September (still lagging, but better than nothing). Until one or both of these brings a sigh of relief to market participants, we’ll likely see a “risk-off” trading environment.
The Dow is currently -349 points, -0.75%, while the S&P 500 is -30 points, -0.46%. The tech-heavy Nasdaq leads the arrow downward, -137 points or -0.59%, and the small-cap Russell 2000 is -10 points, -0.43%. Over the past five trading days, these indexes are taking a bath, between -3.2% on the S&P to -5.2% for the Russell.
ADP Weekly Jobs Report Still Negative
With the elongated government shutdown keeping economists and data-driven investors in the dark, private-sector payroll provider ADP (ADP - Free Report) began a weekly preliminary jobs report a few weeks back. That’s the good news. The not-so-good-news is that we’re now down for the second of three weeks this chart has been in operation: -2500 private-sector jobs were lost last week — an improvement from -11K the prior week but still pointing to a weak employment picture on the private-sector side.
This is, as we know, something of a blessing for those looking for the Fed to continue cutting interest rates. We should find out more when the September jobs numbers are released in a couple days, and if that survey is somewhat in line with the ADP data (no guarantee they will be, however; usually it’s only after a monthly revision or two that these figures align themselves) then we may see a boost to market sentiment with the understanding that the December 25 basis-point (bps) cut is back on the table.
What We’re Missing from Today
We had written on the calendar for this week releases for the October Imports & Exports report and Industrial Production & Capacity Utilization, also for October. We are likely to get a delayed Factory Orders report after today’s open, and the privately-held Homebuilders Confidence Index for November is also expected at 10am ET this morning. Expectations there are for an even — but still clearly soft — 37, the same as October.
Home Depot Misses Q3 Earnings, Lowers Guidance
This morning’s Home Depot (HD - Free Report) earnings miss is the third-straight for the home improvement retail giant, with $3.74 per share coming in -1.84% from the $3.81 in the Zacks consensus. Revenues outperformed expectations by a smidge, +0.88% to $41.35 billion in the quarter. This amounts to Home Depot’s third top-line beat in its last four quarters.
However, its downward guidance for Q4 and the full fiscal year are sending shares down -5% in today’s pre-market trading. The stock was already down -8% year to date, -12% since this time this past year. The company has been hit by the double whammy of a weak housing cycle (now years old) and an immigration crackdown from ICE agents in various metropolises across the U.S. For more on HD’s earnings, click here. Questions or comments about this article and/or author? Click here>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pre-markets Stay Red Ahead of NVIDIA Earnings, Jobs Data
Tuesday, November 18, 2025
November continues its equity market mudslide this morning, as trepidation grips the market ahead of two important releases later this week: NVIDIA’s (NVDA - Free Report) earnings report after the bell tomorrow and the Employment Situation report for September (still lagging, but better than nothing). Until one or both of these brings a sigh of relief to market participants, we’ll likely see a “risk-off” trading environment.
The Dow is currently -349 points, -0.75%, while the S&P 500 is -30 points, -0.46%. The tech-heavy Nasdaq leads the arrow downward, -137 points or -0.59%, and the small-cap Russell 2000 is -10 points, -0.43%. Over the past five trading days, these indexes are taking a bath, between -3.2% on the S&P to -5.2% for the Russell.
ADP Weekly Jobs Report Still Negative
With the elongated government shutdown keeping economists and data-driven investors in the dark, private-sector payroll provider ADP (ADP - Free Report) began a weekly preliminary jobs report a few weeks back. That’s the good news. The not-so-good-news is that we’re now down for the second of three weeks this chart has been in operation: -2500 private-sector jobs were lost last week — an improvement from -11K the prior week but still pointing to a weak employment picture on the private-sector side.
This is, as we know, something of a blessing for those looking for the Fed to continue cutting interest rates. We should find out more when the September jobs numbers are released in a couple days, and if that survey is somewhat in line with the ADP data (no guarantee they will be, however; usually it’s only after a monthly revision or two that these figures align themselves) then we may see a boost to market sentiment with the understanding that the December 25 basis-point (bps) cut is back on the table.
What We’re Missing from Today
We had written on the calendar for this week releases for the October Imports & Exports report and Industrial Production & Capacity Utilization, also for October. We are likely to get a delayed Factory Orders report after today’s open, and the privately-held Homebuilders Confidence Index for November is also expected at 10am ET this morning. Expectations there are for an even — but still clearly soft — 37, the same as October.
Home Depot Misses Q3 Earnings, Lowers Guidance
This morning’s Home Depot (HD - Free Report) earnings miss is the third-straight for the home improvement retail giant, with $3.74 per share coming in -1.84% from the $3.81 in the Zacks consensus. Revenues outperformed expectations by a smidge, +0.88% to $41.35 billion in the quarter. This amounts to Home Depot’s third top-line beat in its last four quarters.
However, its downward guidance for Q4 and the full fiscal year are sending shares down -5% in today’s pre-market trading. The stock was already down -8% year to date, -12% since this time this past year. The company has been hit by the double whammy of a weak housing cycle (now years old) and an immigration crackdown from ICE agents in various metropolises across the U.S. For more on HD’s earnings, click here.
Questions or comments about this article and/or author? Click here>>