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SPY, QQQ Rally Amid Nvidia’s Stellar Earnings; Fed Rate Cut Odds Diminish

SPY, QQQ Rally Amid Nvidia’s Stellar Earnings; Fed Rate Cut Odds Diminish

Author:

Global Cryptocurrency

Published:

2025-11-20 02:32:03

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BTCCSquare news:

The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) surged during Wednesday's session, extending gains after-hours as Nvidia (NVDA) shattered earnings expectations. The chipmaker reported a 62.5% YoY revenue jump to $57 billion, with EPS of $1.30 beating estimates. NVDA's guidance of $65 billion in Q4 revenue further fueled optimism, with CEO Jensen Huang noting "Blackwell sales are off the charts" and cloud GPUs remaining sold out.

Market sentiment faced headwinds as Fed minutes revealed officials' preference to hold rates steady through year-end, reducing expectations for a December rate cut. The canceled October jobs report added to the macroeconomic uncertainty, though tech momentum dominated trading.

By:

U.S. Stock Futures Rise as Nvidia’s Strong Results Ease AI Bubble Fears

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