Why were stocks down today? What to know as Dow gives up 700-point gain

Company Performance - Nvidia reported strong earnings, significantly outperforming expectations and demonstrating its leading position in the AI chip market, which analysts believe is not indicative of a bubble [5][6] - Corporate earnings across various sectors were robust, with actual results exceeding initial expectations of 6% growth, marking the strongest quarter since Q4 2021 [6][7] Economic Indicators - The delayed September jobs report revealed an addition of 119,000 jobs, with the unemployment rate rising to 4.4%, which was better than the anticipated 51,000 new jobs, although previous months' job gains were revised down by 33,000 [3] - The benchmark 10-year yield decreased to 4.098%, reflecting market reactions to economic data and Federal Reserve policy expectations [2]