By Angus Berwick
Stocks surrendered gains in midday trading, giving up a Thursday morning jump that began after Nvidia posted strong results.
Despite the strong report, many investors still worry the swollen valuations of AI companies and their aggressive spending plans could mark signs of a bubble. Investors have turned jittery about big tech's massive artificial-intelligence spending commitments, with shares selling off in recent sessions
A mixed jobs report also added fuel to concerns that the Federal Reserve won't cut rates in December. In early afternoon trading, the Nasdaq composite had lost 0.4%, after being up on the day more than 2%. Nvidia gave up an even bigger early gain and was recently trading slightly negative on the day.
The September jobs data, postponed due to the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts for 50,000 jobs. However, the unemployment rate unexpectedly ticked up to 4.4%. Treasury yields slipped
In recent trading:
Treasury yields slipped, with the 10-year falling to around 4.1%.
Walmart shares rallied after the U.S.'s largest retailer hiked its financial guidance.
Bitcoin prices rose back above $90,000.
Japan's Nikkei 225 jumped 2.6%; other overseas gauges gained too.
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(END) Dow Jones Newswires
November 20, 2025 12:06 ET (17:06 GMT)
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