Market Overview - U.S. stock markets are experiencing cautious optimism with major indexes attempting to rebound from a recent losing streak, particularly in technology and growth stocks [1][2] - The S&P 500 is up between 0.5% and 0.7%, trading around 6,650 to 6,636.30, while the Nasdaq Composite is showing stronger gains, up between 0.4% and 1.5%, trading around 22,615 to 22,602.62 [2] - The Dow Jones Industrial Average is posting modest gains, up approximately 0.08% to 0.2%, hovering near 46,127 to 46,091.74 [2] Corporate Earnings and Stock Movements - Lowe's shares jumped more than 5% after reporting stronger-than-expected third-quarter profits and raising its full-year guidance [7] - Target's shares slid between 1.9% and over 2% following a sharp drop in third-quarter profit and a warning of continued sales downturn [7] - Adobe announced an agreement to acquire Semrush Holdings, Inc. in an all-cash transaction valued at approximately $1.9 billion [11] - Medtronic's shares rose 4.7% after reporting second-quarter fiscal 2026 earnings that beat consensus estimates [11] - Magic Software Enterprises Ltd. experienced a 4.4% drop in shares after missing analyst expectations for third-quarter earnings [11] - Constellation Energy surged 3.4% following a $1 billion loan announcement from the U.S. Department of Energy [11] - Plug Power plunged 20.6% after announcing a $375 million convertible notes offering [11] Upcoming Market Events - Nvidia's third-quarter earnings report is highly anticipated and expected to be a critical test for the broader AI-driven market rally [4][8] - A delayed U.S. jobs report for September is scheduled for release, which could influence future Federal Reserve monetary policy decisions [5] - The week of November 24-30 will bring significant macroeconomic data, including the U.S. Consumer Confidence Index and the second estimate of U.S. GDP [6]
Nvidia Earnings and Economic Data Drive Cautious Midday Gains on Wall Street