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[DAILY TRADING] NAS100 20 May 2026 — Nvidia Earnings Day Triggers 220-Point Swing as Index Holds at 28,880

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NAS100 price (US 100 Cash CFD on Vantage) stands at 28,880.40 as of 05:30 UTC on 20 May 2026, having recovered from a session low near 28,740 after a sharp two-stage selloff pulled the index roughly 212 points off its session high near 28,960. Two dominant forces are shaping the Nasdaq today: elevated US Treasury yields and pre-positioning ahead of Nvidia’s Q1 FY2027 earnings release after the US market close.

All prices are as of 05:30 UTC on 20 May 2026. Charts are from TradingView via Vantage and are indicative. This is not financial advice.

Key Points

  • NAS100 printed a session high near 28,960 before falling approximately 212 points to a low near 28,748, recovering to 28,880.40 as of 05:30 UTC on 20 May 2026, a session after the Nasdaq Composite closed 0.8% lower. The move reflects a broader NAS100 price reset across two distinct selloff legs in the Asia session, with partial recovery following each.
  • Nvidia, the top Nasdaq 100 component at 15.08% of the index based on current Nasdaq 100 index composition, reports Q1 FY2027 results after the US market close on 20 May, with analysts projecting revenue of $79.08 billion, roughly 80% year-on-year growth, and earnings per share of $1.76, with options markets pricing approximately a 6% move in either direction.[1][2]
  • The US 10-year Treasury yield hovered around 4.6% on 19 May, pausing near a 16-month high of 4.7%, while the 30-year yield hit 5.2%, an 18-year high, earlier in the week, keeping market-implied Federal Reserve rate-hike probability at roughly 40-45% for 2026.[3][4]

NAS100 Chart: Two Selloff Legs and a 212-Point Range Across the Asia Session

The Nasdaq chart below shows the 1-minute NAS100 TradingView feed on Vantage, covering 22:15 UTC 19 May to 05:30 UTC 20 May. The index opened near 28,868, edged up to a session high near 28,960 around 23:30 UTC, then sold off sharply to a low near 28,748 around 00:15 UTC, a drop of roughly 212 points over approximately 45 minutes, accompanied by a noticeable volume spike on the Vantage feed. A partial recovery followed before a second leg lower reached around 28,780.40 near 03:15 UTC. By 05:30 UTC, NAS100 had stabilised at 28,880.40, the last candle showing +27.25 points (+0.09%).[5]

NAS100 Chart as of May 20, 2026
Figure 1: Nasdaq chart — NAS100 (https://www.tradingview.com/symbols/CAPITALCOM-US100/) Accessed on 20 May 2026, 05:30 UTC. Indicative only.

NAS100 News Today: Nvidia on the Clock and Yields at Multi-Year Highs

The latest NAS100 news centres on two concurrent themes: the most-watched earnings release of the year and a bond market that continues to weigh on growth stocks.

Nvidia Q1 FY2027 Earnings: the Nasdaq’s Largest Weighting Reports Tonight

Nvidia holds a 15.08% weighting in the Nasdaq 100, making it the single largest constituent according to Nasdaq index weighting data, meaning even a moderate post-earnings move in the stock can shift the broader index in either direction.[1][6] The company is scheduled to release Q1 FY2027 results (quarter ended 26 April 2026) after the US market close today. Analysts project revenue of $79.08 billion, approximately 80% year-on-year growth from $44.06 billion in Q1 last year, and earnings per share of $1.76 versus $0.96 a year ago.[2]

The four largest hyperscalers: Alphabet, Amazon, Microsoft, and Meta Platforms, have collectively guided for around $725 billion in capital expenditure in 2026, up 77% from $410 billion the year prior, underpinning the AI infrastructure demand that flows directly through to Nvidia’s order book.[2] Options markets are currently pricing approximately a 6% move in either direction following the announcement.[1] Nvidia has beaten Wall Street consensus estimates in 13 consecutive quarters.[1] On 19 May, NVDA closed at $220.61, down 0.77%, while remaining up roughly 18% year to date in 2026.[7][8]

Treasury Yields Near Multi-Year Highs Weigh on Growth Stocks

The US 10-year Treasury yield hovered around 4.6% on 19 May, pausing just below the 16-month high of 4.7% reached earlier in the week.[3] The 30-year yield hit 5.2%, its highest level in 18 years, as traders priced persistent inflation pressures tied to elevated energy costs and an uncertain Middle East outlook.[4] Higher yields compress the valuation multiples of growth stocks, which make up the majority of Nasdaq 100 constituents and have weighed on the Nasdaq Composite throughout the week.

Markets are now pricing roughly 40-45% odds of at least one additional Fed rate hike by year-end, a sharp shift from near-zero probability just one month ago.[3] New Federal Reserve Chair Kevin Warsh faces a complicated inflation picture, with consumer prices at a three-year high following the appointment.[4] FOMC minutes are expected around 20 May and may provide additional context on how the committee is assessing the trade-off between persistent inflation and rate policy.[3]

NAS100 Technical Analysis: Reference Levels as of 05:30 UTC, 20 May 2026

NAS100 price reference levels on the Vantage CFD feed. Not trade signals.

PairSupportResistanceWhat’s Happening
NAS10028,720 / 28,60028,960 / 29,100At 28,880.40 as of 05:30 UTC; two failed pushes above 28,950 in the Asia session
NVDA$217.91 (19 May intraday low)$224.48 (19 May intraday high)Closed at $220.61 on 19 May; Q1 FY2027 results due after US market close on 20 May

Table 1: Vantage NAS100 CFD reference levels as of 05:30 UTC, 20 May 2026. Sources: NAS100 TradingView feed, Trading Economics, CNBC, Benzinga. Indicative only.

What to Watch: Three Catalysts Shaping NAS100 on 20 May 2026

Three items are driving NAS100 news and shaping the Nasdaq today on 20 May 2026.

  • Nvidia Q1 FY2027 Earnings (after US market close, 20 May): As the index’s largest constituent at 15.08%, Nvidia’s revenue result and Q2 guidance are the primary focus for anyone monitoring Nasdaq today. Options markets are currently pricing approximately a 6% post-announcement move in the stock.[1]
  • FOMC Minutes (expected around 20 May): Any language on the inflation versus rate-hike trade-off may add to existing pressure on rate-sensitive growth stocks. The 10-year yield has tracked closely alongside NAS100 direction this week.[3][9]
  • Middle East Developments: Markets remained sensitive to ongoing Middle East tensions, with diplomatic signals offering some temporary relief to oil prices. The broader situation remained fluid as of the latest reports, keeping energy costs elevated and adding to the inflation uncertainty that bears on the Fed’s rate path.[3][9]

Leverage amplifies both potential returns and potential losses on CFDs. Position sizing relative to account equity is particularly relevant on a session with this many live catalysts.

If you are watching gold, US30, or the S&P 500 alongside NAS100, note that Tuesday’s broad market decline affected all three major US indices simultaneously — the Nasdaq Composite fell 0.8%, the S&P 500 fell 0.7%, and the Dow fell 0.7% — pointing to correlated USD and yield-driven positioning that carried into the Wednesday Asia session. Tracking the Nasdaq chart and cross-asset moves before the US open provides context for the session’s developing NAS100 news.[10]

RISK WARNING: CFDs are complex financial instruments and carry a high risk of losing money rapidly due to leverage. You should ensure you fully understand the risks involved and carefully consider whether you can afford to take the high risk of losing your money before trading.

Disclaimer: The information is provided for educational purposes only and does not take into account your personal objectives, financial circumstances, or needs. It does not constitute investment advice. We encourage you to seek independent advice if necessary. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research. No representation or warranty is given as to the accuracy or completeness of any information contained within. This material may contain historical or past performance figures and should not be relied on. Furthermore, estimates, forward-looking statements, and forecasts cannot be guaranteed. The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

References

[1] “Nvidia Earnings on May 20: What History Tells Us About Nvidia Stock’s Post-Earnings-Release Moves — The Motley Fool.” https://www.fool.com/investing/2026/05/19/nvda-stock-earnings-beat-date-may-20/ Accessed 20 May 2026.

[2] “Nvidia Earnings: Live Updates and Commentary May 2026 — Kiplinger.” https://www.kiplinger.com/investing/live/nvidia-earnings-live-updates-and-commentary-may-2026 Accessed 20 May 2026.

[3] “US 10 Year Treasury Note Yield — Trading Economics.” https://tradingeconomics.com/united-states/government-bond-yield Accessed 20 May 2026.

[4] “30-Year Treasury Yield Tops 5.19%, Highest Since Before the Financial Crisis — CNBC.” https://www.cnbc.com/2026/05/19/treasurys-yields-inflation-traders-fed-interest-rates.html Accessed 20 May 2026.

[5] “US 100 Cash CFD (NAS100) Chart — TradingView via Vantage.” https://www.tradingview.com/symbols/CAPITALCOM-US100/ Accessed 20 May 2026, 05:30 UTC.

[6] “Invesco QQQ ETF Holdings — Invesco.” https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=QQQ Accessed 20 May 2026.

[7] “NVIDIA Corporation (NVDA) Stock Price, News, Quote & History — TradingView.” https://www.tradingview.com/symbols/NASDAQ-NVDA/ Accessed 20 May 2026.

[8] “WNW, CAVA, CHWY, KEYS, NVDA: 5 Trending Stocks Today — Benzinga.” https://www.benzinga.com/markets/equities/26/05/52681048/meiwu-cava-chewy-keysight-nvidia-stocks-watch Accessed 20 May 2026.

[9] “Treasury Yields Surge as Inflation Data Points to Tricky Rates Path — CNBC.” https://www.cnbc.com/2026/05/15/treasury-yields-surge-as-inflation-data-points-to-tricky-rates-path.html Accessed 20 May 2026.

[10] “Stock Market Today: Dow, S&P 500, Nasdaq Futures Waver in Countdown to Nvidia Earnings — Yahoo Finance.” https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-waver-in-countdown-to-nvidia-earnings-222757391.html Accessed 20 May 2026.