Markets Live Updates: Wall Street Plunges as Tech Rally Fizzles Out
Wall Street investors are experiencing a rollercoaster ride, with an initial tech rally fueled by Nvidia's earnings results quickly turning into a significant sell-off. The Australian share market, which surged yesterday due to Nvidia's positive earnings, is now set to face a challenging adjustment as it mirrors the overnight sell-down in New York.
Stay tuned for real-time financial news and insights from our dedicated business reporters on our live blog. Please note that this blog is not intended as investment advice.
Key Events
- 26 minutes ago: Thu, 11/20/2025, 8:59 PM
- 46 minutes ago: Thu, 11/20/2025, 8:39 PM
- 1 hour ago: Thu, 11/20/2025, 8:16 PM
Market Snapshot
- ASX 200 Futures: -1.5% to 8,444 points
- Australian Dollar: -0.5% to 64.45 US cents
- S&P 500: -1% to 6,574 points
- Nasdaq: -1.6% to 22,212 points
- FTSE: +0.2% to 9,528 points
- EuroStoxx: +0.4% to 564 points
- Spot Gold: -0.1% to $4,077/ounce
- Brent Crude: -0.5% to $63.22/barrel
- Iron Ore: +0.1% to $104.45/tonne
- Bitcoin: -4.5% to $86,475
Live Updates
- No Obvious Catalyst for US Tech Turnaround: NAB senior economist Taylor Nugent attributes the sell-off to concerns about lofty valuations and AI investment spending, despite strong Nvidia earnings.
- Japan's Economic Moves: BOJ Board member Koeda's speech suggests interest rate normalization, indicating potential rate hikes. Bloomberg reports PM Takaichi's plans for a massive spending plan, which could impact global financial markets.
- US Jobs Report and Fed Rate Worries: The mixed jobs report reduces the likelihood of a Federal Reserve interest rate cut in December, impacting tech stock valuations and the Aussie dollar.
- Buy the Dip or Sell the Rally? The S&P 500's wild overnight fluctuations highlight tech jitters, with the VIX index reaching high levels, suggesting investors are trading on 'the vibe' or herd mentality.
