Overview
On November 18, 2025, U.S. stock markets declined, pressured by worries over the high valuation of major tech stocks. Simultaneously, Crown Prince Mohammed bin Salman of Saudi Arabia announced an expansion of the Kingdom's investment in the U.S. to $1 trillion, highlighting the importance of AI for Saudi Arabia's continuous economic growth.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
- Tech Stock Overvaluation Concerns: The LNP index fell by 1.5% during the session but regained some ground to close 0.8% lower.
- Saudi Investment Expansion: Saudi Arabia's Crown Prince Mohammed bin Salman, in a meeting with Turnpode Tunyeon, revealed plans to increase the Kingdom's U.S. investment from $600 billion to $1 trillion, with a focus on AI and semiconductors, planning short-term investments of about $50 billion in these sectors.
- Corporate Earnings and Forecasts: Home Depot warned about potential slowdown in high-end housing consumption and adjusted its annual profit guidance downward, causing a 6% drop in its stock. Meanwhile, MBC shares fell 2.8% ahead of its earnings report.
- Economic Indicators: Recent employment reports indicated that companies reduced an average of 2,500 jobs per week. Housing builder sentiment showed minimal improvement.
Tomorrow's Economic Indicators
| Time | Indicator |
|---|---|
| 21:00 | U.S. MBA Mortgage Applications |
| 22:30 | U.S. August Trade Balance |
| 00:30 (Next) | U.S. EIA Crude Oil Inventory |
| 02:00 (Next) | U.S. 20-Year Bond Auction |
| 02:00 (Next) | U.S. FOMC Minutes |
| Scheduled | Fed Chair Jerome Powell's Speech |
| 02:45 (Next) | Fed Chair Barkin's Speech |
| 02:00 (Next) | Fed Chair Williams' Speech |
General Opinion
Today, the U.S. stock market concluded with a decline primarily led by tech stocks. The upcoming earnings report from MVIDIA is crucial as it might set expectations for AI investment returns. The anticipated positive earnings from MVIDIA could help alleviate market anxiety. Saudi Arabia's extensive investment plans could positively impact the semiconductor sector.
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