Stock Market Summary – November 19, 2025

The recent financial outlook by payment company Block sent its stock up by 9% on the back of a gross profit forecast expected to reach about $15.8 billion in 2028. Block’s shares were halted around the time of the announcement but saw an increase when trading resumed. The company has been diversifying its point-of-sale business and now projects its adjusted operating income to increase by 30% annually, reaching $4.6 billion by 2028.

However, NVIDIA and Costco are stocks to watch. NVIDIA increased 2% in Wednesday’s afternoon trading, though it remains 10.6% lower than its record high in October. Costco shares hovered just above their 52-week low due to a challenging year, with shares down more than 3% year-on-year.

Meanwhile, Block’s optimistic financial forecast was in stark contrast to the Federal Reserve, where officials were divided on whether to cut interest rates due to concerns about a stagnating labor market and stubborn inflation.

Also making headlines was the confidential filing by Kraken to go public in the US. One of the world’s largest crypto exchanges, Kraken recently raised $800 million with plans to expand its international presence. The filing follows President Trump’s return to office and the resurgence of IPOs in the U.S.

Despite NVIDIA’s big earnings day, analysts cautioned that whisper numbers were even higher. Traders at JPMorgan suggested that NVIDIA might not be able to deliver the required earnings, which could cause a significant drop in share value. Notably, the S&P 500 had a four-day slide, signaling a potential risk of deeper losses.

Finally, Jim Cramer expressed interest in buying more shares of Procter & Gamble and Boeing, despite the stocks’ recent declines. He also expressed some buyer’s remorse about his stake in Home Depot, after rival Lowe’s posted a strong earnings report.