NVIDIA Earnings Take Center Stage After the Bell 20/05/2026

 HOT stories for today

Market wrap:

• Rising bond yields continued to pressure equities on Tuesday, sending the S&P 500 and Nasdaq Composite to a third straight session of losses. The S&P 500 fell 0.7%, while the Nasdaq dropped 0.8% as higher yields weighed on technology and growth stocks. The Dow Jones Industrial Average lost 322 points, or 0.7%. The cautious tone extended into Asia-Pacific markets on Wednesday as investors weighed elevated global yields alongside renewed geopolitical risks tied to the Iran conflict. President Donald Trump said Tuesday he was “an hour away” from authorizing a strike on Iran before agreeing to delay the decision for several days, keeping markets on edge over the possibility of further escalation.  Investors are now turning their focus toward Nvidia’s earnings report after Wednesday’s close, which is widely viewed as one of the most important updates on the strength of the AI trade and semiconductor demand.
• Goldman Sachs strategist Ben Snider noted that Nvidia has accounted for roughly 20% of the S&P 500’s gains this year and a similar share of the index’s projected earnings growth for 2026. Markets will also closely watch minutes from the Federal Reserve’s April meeting, due Wednesday afternoon, for additional clues on the central bank’s rate outlook amid persistent inflation pressures and rising bond yields. Before the open, earnings are due from Lowe’s, Target, Hasbro, V.F. Corporation, Analog Devices and TJX.

Treasury Yields Enter the Danger Zone

• U.S. Treasurys are flashing a warning sign for markets as long-term yields surge to levels not seen in nearly two decades, raising fears that sticky inflation and higher-for-longer rate expectations could start weighing more heavily on equities. The bond-market selloff intensified Tuesday, pushing the 30-year Treasury yield above 5.19%, its highest level since 2007, while the 10-year yield climbed toward 4.69%. HSBC strategists said Treasurys are now firmly in the “danger zone,” where yields could begin to pressure nearly every major asset class. The bank warned that any further repricing of terminal rate expectations could push yields even higher and temporarily drag risk assets lower.
•  For now, strategists describe the situation as a “yellow alert” rather than a full market alarm. But levels around 4.65% on the 10-year yield and 5.5% on the 30-year bond are being watched closely as potential stress points. BMO Capital Markets warned that if 30-year yields move toward 5.25% in the coming weeks, equity valuations could face a more durable pullback. Markets have so far stayed relatively resilient thanks to strong corporate earnings, already-adjusted valuations and the belief that the Iran conflict will mainly show up through oil prices. But the psychological impact of 30-year yields above 5% is becoming harder for investors to ignore.

Stocks on the move:

• Toll Brothers (TOL): Shares rose 2% after the homebuilder beat fiscal second-quarter earnings and revenue expectations.
• Cava (CAVA): Shares jumped nearly 7% after the restaurant chain raised its full-year adjusted EBITDA outlook and topped first-quarter earnings and revenue estimates.
• Red Robin Gourmet Burgers (RRGB): Shares surged 14% after first-quarter earnings and revenue came in well above Wall Street expectations.
• Keysight Technologies (KEYS): Shares gained 2% after the company issued stronger-than-expected current-quarter guidance, raised its full-year outlook and beat second-quarter estimates.

Watchlist: NVDA, TOL, TJX, LOW, INTU, MU, NBIS, TGT, ADI, 

Key Economic Events Today:

EST time

09:15 am: USD FOMC Member Barr Speaks
10:30 am: USD Crude Oil Inventories
02:00 pm: USD FOMC Meeting Minutes


Earnings

BMC (Before Market Open): Analog Devices (ADI), TJX Companies (TJX), Lowe’s Corp. (LOW), Target Corp. (TGT)


AMC (After Market Close): NVIDIA Corp. (NVDA), Intuit Inc. (INTU)


The TEFS Analyst team wishes you a successful day!