Stock market down today: Dow, Nasdaq, S&P slip, Nvidia falls ahead of earnings report

Market Overview - US stock markets experienced a broad decline, with the Dow Jones Industrial Average falling about 1.18%, the S&P 500 down 0.92%, and Nasdaq retreating roughly 0.84% [8] - The S&P 500 is off over 2% for November after six consecutive months of gains and is now more than 3% below its all-time high, while the tech-heavy Nasdaq has declined over 5% from its peak [5][8] Investor Sentiment - Investor focus remains sharply fixed on upcoming Federal Reserve decisions, delayed economic data, and major earnings reports, which are expected to guide market sentiment in the near term [8] - There is a notable decrease in risk appetite among investors, as evidenced by Bitcoin's decline of over 2%, dropping below the critical $95,000 level for the first time since early May [4][8] Earnings Reports - Upcoming earnings reports from Nvidia, Walmart, and Home Depot are anticipated to provide clarity on corporate margins amid economic headwinds [6][8] - Nvidia's shares fell over 2%, reflecting market apprehension ahead of its upcoming earnings report and concerns about AI hardware demand sustainability [8] Economic Indicators - Investors are closely watching the September nonfarm payrolls report, the first major economic data release following the US government shutdown, and the Federal Reserve's October meeting minutes [8] - Market expectations for a Fed rate cut in December have diminished, with futures traders pricing roughly a 45% probability compared to the 60–70% range priced earlier in October [8]