Stock Market Today, Nov. 20, 2025: Nvidia Rally vs Fed Caution on FOMC Minutes, Trade Gap and Oil
Nvidia’s blockbuster earnings have lit a fire under U.S. stock futures this Thursday, but a hawkish set of Federal Reserve minutes, a sharply narrower U.S. trade deficit and fresh crude oil inventory data are all reminding investors that the macro backdrop is anything but simple. Futures point to a strong open for the Dow, S&P 500 and Nasdaq, even as markets dial back expectations for a December Fed rate cut and digest delayed economic data following the 43‑day government shutdown. Reuters+4TipRanks+424/7 Wall St.+4 Key takeaways for November 20, 2025 Nvidia earnings rekindle the AI trade and power stock futures After