S&P 500 Falls for Third Straight Session: Why the Market Is Selling Before Nvidia and FOMC — And Whether to Buy the Dip

# S&P 500 Falls for Third Straight Session: Why the Market Is Selling Before Nvidia and FOMC — And Whether to Buy the Dip

> **Quick answer:** The S&P 500 has logged three consecutive losses for the first time since April, dragged down by a 30-year Treasury yield near 5.18%, ongoing Moody's US credit downgrade fallout, and pre-event positioning ahead of today's twin catalysts: FOMC minutes at 2pm ET and Nvidia's Q1 2027 earnings after the close. Wall Street expects a 78% year-over-year revenue gain from Nvidia. Whether to buy the dip depends on your risk tolerance and what these two catalysts deliver — but the case for selective buying is stronger than the three-day decline suggests.

The S&P 500 falls for a third straight session on May 20, 2026 — the first losing streak of that length since April — and today's calendar is the reason almost everyone is holding their breath instead of their positions. Nvidia reports after the bell. FOMC minutes drop at 2pm. These two events, arriving on the same afternoon, are the biggest double-barreled catalyst the market has faced in months. Until they clear, the path of least resistance is sideways to down.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## Three Sessions, Three Reasons the Market Keeps Slipping

The immediate cause of the losing streak is not a single shock — it is a stack of compounding pressures that arrived almost simultaneously.