Stock market today: Dow, S&P 500, Nasdaq futures make up lost ground after bitcoin bounces off lows

Market Overview - US stock futures showed signs of recovery after initial losses, influenced by a recent slump in bitcoin and upcoming earnings reports from Nvidia and delayed jobs data [1][2] - The S&P 500 futures were down 0.2%, recovering from a 0.8% drop earlier, while Dow Jones and Nasdaq futures also improved slightly from their premarket lows [2] Cryptocurrency Impact - Bitcoin fell below $90,000 for the first time in seven months, erasing all gains for the year, which caused significant alarm in Asian markets, leading to the worst loss for Japanese stocks since April [3][10] - The sell-off in bitcoin has raised concerns about potential negative selling pressure from leveraged investors, contributing to a broader risk-off sentiment in the markets [9][12] Economic Indicators - The upcoming Nvidia earnings report is critical as investors reassess the sustainability of the AI-driven market rally, with increased scrutiny on Big Tech's debt issuance related to AI infrastructure [5] - The September jobs report, delayed due to a US government shutdown, is expected to influence Federal Reserve policy expectations, with current market pricing indicating a 46% chance of rate cuts [6] Retail Sector Insights - Retail earnings reports are anticipated to provide insights into consumer strength ahead of the holiday season, with Home Depot lowering its full-year profit guidance after missing earnings estimates [7] - PDD Holdings reported a 9% revenue increase, although its stock fell 2% due to aggressive pricing strategies, while Amer Sports saw a 6% rise in stock after raising its full-year guidance [8][13]