Stock Market Today: Nasdaq, S&P 500 Futures Slip as Investors Await Nvidia Earnings and U.S. Jobs Report
US stock futures edged lower as investors await Nvidia’s crucial earnings and the delayed September jobs report. Alphabet jumps after Berkshire’s $5B stake, while Bitcoin slumps and retail giants prepare to report results.
US stock futures dipped on Monday as markets turned cautious ahead of Nvidia’s earnings and the long-delayed September jobs report, with tech stocks remaining under pressure.
On Monday, US stock futures showed some fluctuation as the market players kept their guard up before Nvidia's eagerly awaited earnings report and the September jobs report, which had been delayed, both of which are expected to be the major market movers for the week.
The futures that are associated with the Nasdaq 100 went down roughly 0.3%, and S&P 500 futures fell by 0.2%. The contracts related to the Dow Jones Industrial Average also lost 0.2% of their value, which may indicate the market's worries about the Federal Reserve's upcoming decision regarding the interest rates.
Nvidia Earnings Take Center Stage
Wall Street is bracing for Nvidia’s quarterly results on Wednesday — an event that has become one of the most closely watched moments in the markets. With Big Tech valuations under scrutiny and AI-related spending soaring, Nvidia’s numbers are expected to influence overall sentiment across the tech sector.
This comes even as doubts grow about whether AI-fueled gains can continue amid the recent tech sell-off.
Berkshire Hathaway’s Surprise Alphabet Bet
Markets received a brief lift after Berkshire Hathaway revealed it has taken a nearly $5 billion stake in Alphabet. The move, seen as one of the final major decisions under Warren Buffett’s leadership, represents a rare venture into Big Tech for the conglomerate. Alphabet shares jumped as much as 5% in premarket trading.
Jobs Report Back on the Radar
After weeks of delays due to the federal shutdown, September’s US non-farm payrolls report is now scheduled for release on Thursday.
The data will be closely watched, especially after recent comments from Federal Reserve officials signaled a more cautious stance on rate cuts.
Market pricing now indicates a 45% probability of a December rate cut, down sharply from 62% just a week ago.
Retail Earnings to Offer Insight Into Consumer Health
A lineup of major US retailers — including Walmart, Home Depot, Target, Lowe’s, and Gap — are set to report earnings this week. The results are expected to shed light on the strength of consumer spending heading into the holiday season.
Crypto Market Loses Steam
Bitcoin extended its recent slide, dropping more than 30% in just over a month. The cryptocurrency fell from a record above $126,000 to below $94,000, briefly erasing its gains for the year.
The sell-off reflects a broader risk-off shift in the crypto market despite the Trump administration’s supportive stance toward digital assets.
Other Market Highlights
- Netflix’s 10-for-1 stock split is now in effect, reducing the share price to around $111.
- Chinese EV maker XPeng issued a weaker-than-expected Q4 revenue forecast, sending shares lower in premarket trading.
- Dell and HP fell after Morgan Stanley downgraded multiple tech hardware firms.
- Masimo stock rose after a jury ordered Apple to pay $634 million in a patent dispute.
- Alphabet surged after Thursday’s revelation of Berkshire’s fresh stake.
As November enters its final stretch, traders are preparing for one of the most pivotal weeks of the quarter — with Nvidia, Walmart, and the long-delayed jobs data set to shape market direction heading into December.
