Nasdaq Today: Tech-Led Selloff Wipes Out Nvidia Rally After Jobs Data Shakes Fed Bets (November 20, 2025)
On Thursday, November 20, 2025, the Nasdaq Composite staged one of its sharpest intraday reversals of the year. After surging more than 2% at the open on blockbuster Nvidia earnings and a stronger‑than‑expected U.S. jobs report, the tech-heavy index closed deep in the red as worries about an AI bubble, stretched valuations, and an uncertain Federal Reserve path slammed high-growth names. At the closing bell, the Nasdaq Composite finished at 22,084.59, down 479.64 points, or 2.16%. The S&P 500 fell 1.52% to 6,539.09, while the Dow Jones Industrial Average lost 381.52 points, or 0.83%, to 45,757.25. Reuters A Wild Reversal: