Market Overview - US stocks faced challenges on Monday due to uncertainties surrounding interest-rate cuts, with the Nasdaq Composite falling approximately 0.5%, the S&P 500 dipping around 0.4%, and the Dow Jones Industrial Average trading about 0.3% lower [1] Nvidia Earnings - Wall Street is preparing for Nvidia's earnings report, which is highly anticipated due to concerns over Big Tech valuations and significant AI investments. The results will be crucial in determining if earnings can continue to support stock gains and if the recent tech sell-off is merely temporary [2] Berkshire Hathaway Investment - Berkshire Hathaway disclosed a nearly $5 billion investment in Alphabet, marking a rare tech bet by the conglomerate under Warren Buffett's leadership. This investment led to a nearly 5% increase in Alphabet's stock price, while Nvidia shares declined following the sale of its stake by Thiel Macro, a hedge fund managed by Peter Thiel [3] Labor Market Insights - Investors are awaiting the delayed September jobs report, which is expected to provide a clearer picture of the labor market. The report's release comes amid uncertainty regarding the return of comprehensive economic data following the federal shutdown [4] Federal Reserve Rate Expectations - The upcoming jobs report will be closely monitored as recent comments from Federal Reserve officials have raised doubts about potential rate cuts. Traders are currently pricing in a 45% chance of a rate cut, down from 62% a week prior [5] Retail Earnings - This week, several major retailers, including Walmart, Home Depot, Target, Lowe's, and Gap, are set to report earnings, which will offer insights into consumer strength [6] Cryptocurrency Market - Bitcoin has experienced a significant decline of 30% in just over a month, dropping from a record high of over $126,000 to below $94,000 per token. This decline indicates a shift in investor sentiment towards a more risk-averse approach [7]
Stock market today: Dow, Nasdaq, S&P 500 slip as investors look ahead to Nvidia earnings, jobs report