Group 1: Market Overview - US stocks experienced a climb on Thursday, with the Nasdaq Composite leading the way, rising approximately 0.5% after an earlier increase of about 2.5% [2] - The S&P 500 added nearly 0.4% after gaining as much as 1.8% in early trading, while the Dow Jones Industrial Average rose about 0.3% [2] Group 2: Nvidia Earnings - Nvidia's stock surged nearly 5% in early trading following an earnings beat and a stronger-than-expected revenue outlook for Q4, with CEO Jensen Huang noting that demand for Blackwell processors is "off the charts" [3] Group 3: Employment Data - The September nonfarm payrolls report indicated that the US economy added 119,000 jobs, significantly above the expected 51,000, although the unemployment rate rose to 4.4% from 4.3% in August [4] - Following the jobs report, options traders adjusted their expectations, pricing in around 42% odds of a rate cut at the Fed's next meeting in December, up from 28% earlier that morning [5] Group 4: Federal Reserve Insights - Minutes from the Fed's October meeting revealed a divide among policymakers regarding whether a cooling labor market or persistent inflation poses a greater risk to the economy, contributing to uncertainty about the December decision [7] Group 5: Walmart Earnings - Walmart raised its full-year forecasts after beating profit and sales expectations in Q3, with shares jumping as investors viewed the report as indicative of consumer strength heading into the holiday season [8]
Stock market today: Dow, S&P 500, Nasdaq rise after Nvidia earnings, jobs report beats