Stocks

Stocks Sell Off at End of Week on Profit-Taking Ahead of Nvidia Earnings Report

‘December is still in play for a cut, but 2025 is less and less of a sure thing,’ one analyst said about Fed interest rate changes.
Stocks Sell Off at End of Week on Profit-Taking Ahead of Nvidia Earnings Report
Traders work on the floor of the New York Stock Exchange at the opening bell on Nov. 13, 2024. Angela Weiss/AFP via Getty Images
Panos Mourdoukoutas
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U.S. stocks ended the week with a sell-off due to profit-taking, rising bond yields, and disappointing earnings from Applied Materials. Worries over Nvidia’s earnings next week added to negative Wall Street sentiment.

The S&P 500 ended Nov. 15 at 5,870.62, down by 2.08 percent for the week; the Dow Jones finished at 43,444.99, down by 1.24 percent; the tech-heavy Nasdaq ended at 18,680.12, down by 3.15 percent; and the small-cap Russell 2000 ended at 2,303.84 with a loss of 3.99 percent.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”