Closing Bell Overtime: Stocks End Lower After Volatile Day Following Nvidia Earnings11/20/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 20 November 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

We bring you all the action from a wild day in the markets. After Nvidia’s strong earnings, shares were up 5% in early trading. But by midday, Nvidia was in the red, dragging the rest of the market with it. Paul Hickey of Bespoke and Schwab Asset Management’s Omar Aguilar break down the market action. Earnings from Gap, Ross Stores, and Intuit set the tone for retail and software. New T-Mobile CEO Srini Gopalan on the sector’s growing competition. Tony Wang of T. Rowe Price joins to look at tech’s midday selloff and Nvidia. The nuclear-AI trade unwind with Fermi CEO Toby Neugebauer.

Transcript

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0:00.0	Well, that bell marks the end of regulation.
0:02.0	Emerson, we're in the closing bell for New York Stock Exchange.
0:04.0	We shop doing the honors at the NASDAQ, and that concludes a wild day for stocks with all the major averages,
0:10.0	starting with gains and getting completely wiped out, solidly in the red, with more selling into the close.
0:16.0	The Dow down about 400 points, S&P 500, a 1.5% drop.
0:20.0	NASDAQ down a little more than 2%.
0:23.9	And the big driver of today's action is, of course, Invidia.
0:27.8	Giving up that 5% gain after earnings in overtime and closing down 3%.
0:32.1	I'm going to talk more about what happened to cause the reversal coming up.
0:35.9	And as goes in video, so goes the market and especially tech.
0:39.7	Look at the NASDAQ 100 today, down 2%.
0:43.3	That's a swing of more than 1100 points
0:45.9	between the high and the low of the day.
0:48.8	Consumer staples, the best performing sector today,
0:51.2	the only one with a significant game.
0:53.5	Walmart, the main driver
0:54.6	there following its earnings. We're going to have more on Walmart and one interesting
0:58.1	stat you might not believe. Well, that's the scorecar on Wall Street. Welcome to closing
1:02.3	bell overtime. I'm Morgan Brennan, along with John Ford. And while we will stay on
1:07.3	NVIDIA and Walmart, earnings just keep on rolling in. In just a few minutes, we're going to
1:11.5	hear from a couple more retailers, Gap and raw stores. And Intuit's results also do out, along
1:17.2	with the company's announcement of some changes to the board. We're going to hear from the CEO.
	...

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