Stock market today: Dow, S&P 500, Nasdaq futures rise as Wall Street awaits Nvidia earnings

Market Overview - US stock futures showed a slight increase, with S&P 500 futures up about 0.4% and Nasdaq 100 futures up about 0.5%, following a tech-led selloff [1] - The Dow Jones Industrial Average futures edged up 0.2% after a day of significant stock losses [1] Nvidia Earnings - Investors are anticipating Nvidia's third-quarter earnings report, which is expected to influence its stock price by up to 7% in either direction [2] - This earnings report is seen as a critical moment for the S&P 500 rally, particularly regarding AI-driven growth prospects [2] Big Tech Concerns - There are growing concerns about the substantial spending by major tech companies on AI development, contributing to declines in the Dow, S&P 500, and Nasdaq Composite [3] - High-profile investors are offloading holdings amid worries that companies like Amazon are increasing their borrowing to fund AI initiatives while the Federal Reserve is likely to halt interest rate cuts [3] Federal Reserve Insights - The upcoming release of Fed minutes is expected to provide insights into the economy and future monetary policy, with traders divided on the likelihood of further rate cuts in December [4] - The market is also awaiting the September jobs report, which is the first major data release since the government shutdown [4] Retail Earnings - Earnings reports from major retailers such as Target, Lowe's, and TJX Companies are anticipated to provide insights into US consumer spending as the holiday season approaches [5] - Lowe's stock rose 4% after exceeding quarterly sales estimates, although it lowered its full-year profit forecast due to economic uncertainty [8] MP Materials - MP Materials' stock increased by 4% in premarket trading, influenced by recent volatility related to export restrictions on rare earths from China [9] Constellation Energy - Constellation Energy's stock rose 3% after the US Department of Energy announced a $1 billion loan to finance the restart of a nuclear power plant in Pennsylvania, which is contracted to supply power to Microsoft [14]