U.S. stocks closed lower for the second consecutive day, with the S&P 500 seeing its fourth straight day of losses due to concerns over AI stock valuations. The Dow Jones fell 1.1%, the S&P 500 dropped 0.8%, and the Nasdaq plummeted 1.2%. Tech and consumer discretionary stocks were hit the hardest.

Investors continued to sell tech stocks, leading to the S&P’s longest losing streak since August. Major indexes experienced significant drops, with NVIDIA, Microsoft, and Amazon all seeing declines. The fear gauge, VIX, rose, and there were more new lows than highs on the Nasdaq.

The Home Depot’s disappointing earnings report caused its stock to plummet 6%, impacting investor sentiment. Other retailers like Walmart and Target are set to report their earnings this week. Investors are also awaiting the September jobs report and minutes from the Federal Reserve’s October FOMC meeting.

A semiconductor stock, not NVDA, is positioned to capitalize on the growing demand for data. As data centers expand, this under-the-radar chipmaker is primed to benefit. Investors can access more information on this stock and other Zacks Investment Research recommendations.

Read more at NASDAQ: Stock Market News for Nov 19, 2025