Economic Outlook - Investors are focusing on a pivotal week of earnings, including Home Depot, Lowe's, Target, and Nvidia, to gain insights into consumer strength and the broader economic outlook [1][14] - The U.S. 10-year Treasury yield eased toward 4.11%, contributing to the stabilization of the S&P 500 after recent declines [9][14] - Markets are anticipating the delayed September Non-Farm Payrolls report and the Federal Reserve's October meeting minutes, which could influence expectations for future rate adjustments [7][14] Stock Market Performance - U.S. stock futures slipped early Tuesday, with Nasdaq 100 futures down 0.78%, S&P 500 futures down 0.60%, and Dow Jones Industrial Average futures down 0.40% [2][14] - All three major indexes ended Monday with significant losses: Nasdaq Composite fell 0.84%, S&P 500 dropped 0.92%, and Dow Jones Industrial Average declined 1.18% [3][14] - The tech sector, particularly AI and large-cap tech shares, experienced a sharp sell-off, leading to increased caution among investors regarding the sustainability of the AI rally [4][14] Company-Specific Insights - Nvidia's Q3 earnings report is expected on November 19, with Wall Street anticipating another strong AI-driven quarter; however, high expectations mean any slowdown could negatively impact the Nasdaq and semiconductor stocks [6][14] - Target is set to report Q3 FY2025 earnings, with expectations of revenue at $25.33 billion, reflecting a 1.3% decline, and adjusted EPS projected at $1.71, a 7.6% yearly drop due to margin pressure [12][14] - Apple shares fell 1.82% on Monday, but its outlook in China improved, with smartphone sales surging 37% in October following the iPhone 17 launch [11][14] Global Market Reactions - European markets opened lower, mirroring the declines in U.S. indexes due to concerns over AI valuations [10][14] - Asia-Pacific markets also saw significant declines, with Hong Kong's Hang Seng Index down 1.79%, Shanghai Composite down 0.81%, and Japan's Nikkei posting a steep loss of 3.22% [10][14]