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

Group 1: Market Overview - US stocks experienced muted movements with the Nasdaq Composite rising by 0.14%, while the S&P 500 and Dow Jones Industrial Average remained roughly flat following a tech-led sell-off [1] - Investors are anticipating Nvidia's third-quarter earnings, which are expected to influence the stock's movement by up to 7% in either direction, potentially impacting the overall S&P 500 rally driven by AI optimism [2] Group 2: Big Tech Concerns - There are growing concerns regarding Big Tech's significant spending on AI development, leading to declines as high-profile investors offload their holdings [3] - Companies like Amazon are reportedly increasing their borrowing to fund AI initiatives, coinciding with the Federal Reserve's stance on interest rate cuts [3] Group 3: Economic Indicators - 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 September jobs report, delayed due to the government shutdown, is anticipated to influence market views on economic conditions [4] Group 4: Consumer Spending Insights - Earnings reports from major retailers are expected to shed light on US consumer spending as the holiday season approaches, with Target cutting its earnings outlook and indicating a weak holiday season, while Lowe's reported positive sales [5]