Market Overview - US stock futures showed a slight increase after a tech-led selloff, with S&P 500 and Nasdaq 100 futures both up by 0.2% [1] - The Dow Jones Industrial Average futures remained relatively unchanged [1] - The previous trading day saw the Dow and S&P 500 experience their fourth consecutive decline, while the Nasdaq Composite fell for the fifth time in six sessions [2] Earnings Expectations - Investors are anticipating Nvidia's third-quarter earnings report, which is expected to influence the AI trade significantly [3] - Options trading suggests Nvidia's stock could fluctuate by up to 7%, potentially impacting its market value by over $300 billion [3] - Quarterly results from major retailers like Target, Lowe's, and TJX Companies are also expected, which may provide insights into US consumer spending ahead of the holiday season [4] Economic Indicators - The first major economic data release post-government shutdown is the delayed September jobs report, which is anticipated to influence Federal Reserve policy expectations [5] - Traders are divided on whether the Federal Reserve will cut interest rates in December based on the upcoming labor figures [5] Company-Specific News - Constellation Energy's stock rose by 3% after the US Department of Energy announced a $1 billion loan to restart a nuclear reactor project in Pennsylvania, which is contracted to supply power to Microsoft’s data centers [5]
Stock market today: S&P 500, Nasdaq futures edge up as Wall Street awaits Nvidia earnings