Stock Market Update Thursday November 20, 2025
- AlgoTradeAlert
- Nov 20
- 3 min read
Stock Market Update Thursday November 20, 2025 What a session. NVIDIA’s post-earnings gap higher initially looked poised to spark a relief rally after several weeks of market weakness. But the enthusiasm was short-lived — NVDA and the broader market reversed sharply, closing at two-month lows in a capitulation-style selloff. The S&P 500 (SPX) swung through a 3.5% intraday range as volatility surged ahead of tomorrow’s monthly options expiration (OPEX). SPY ETF volume topped 150 million shares, the heaviest since October 10th, underscoring intense positioning and hedging activity. Walmart (WMT) delivered strong quarterly results and raised full-year guidance, supported by robust e-commerce growth and resilient consumer demand. The retailer also announced plans to transition its listing from the NYSE to the Nasdaq, a strategic shift signaling closer alignment with technology-driven peers and growth-oriented investor bases.
Score Board:
SPX: –1.6%
QQQ: –2.4%
IWM: –1.8%
Away From Stocks: The 10-year Treasury yield eased slightly to 4.08%, as December rate-cut probabilities ticked back up to around 40%.Gold held steady while crude oil edged lower.The VIX spiked above 28 intraday before settling near 26.40, reflecting heightened short-term risk sentiment. Crypto Corner:Bitcoin dropped 4.6% to $87,236, its weakest level since April, breaking below key technical support zones. Heavy ETF outflows and bearish derivatives positioning exacerbated downside momentum, with options markets now pricing roughly a 50% probability that BTC ends the year below $90,000.
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