US Stock Futures Rise as Markets Eye Nvidia Earnings and Crucial Jobs Report

US stock futures were up on Sunday night, and Wall Street was ready for a decisive week, mainly due to Nvidia's much-awaited earnings report and the long-awaited US jobs data. The advances in stock prices were made after a very active and eventful period that saw the pulling down of the government shutdown, the tech sector being shaken and the constant altering of the Federal Reserve rate cut expectations.

Dow Jones Industrial Average futures were unchanged, while the futures for S&P 500 and Nasdaq 100 were incremented by 0.3% and 0.5% - in this order. The reason for these changes is the tech shares of giant companies like Alphabet, Amazon, Broadcom, and Meta that pulled the Nasdaq down but were unable to do the same with the S&P 500 and Dow, which still enjoyed slight weekly gains.

Once the 43-day government shutdown was finished, the first major government economic report for investors would be coming up quite soon. The much-awaited September jobs report, which is due for release on Thursday, is supposed to give new insights into the labor market that still remains uncertain. This is the case although officials have cautioned that the data might not be fully complete.

The Federal Reserve's mood has also changed as the policymakers sound a little more reserved about the possibility of a rate cut in December. This change of viewpoint comes just when traders are about to face one of the most sought after earnings announcements of the year: Nvidia’s quarterly results, which wil be out on Wednesday. In the meantime, other companies that will report earnings include Walmart, Home Depot, Target, Lowe's, and Gap, which makes it an important week for assessing consumer strength.

At the same time, the crypto market is going through an abrupt reversal of fortunes. Bitcoin price fell below $94,000, thus losing almost all its yearly gains after hitting an all-time high of $126,000. The sudden fall has brought about more fear in the market and the risk assets.

Investors in spite of the uncertainties are thinking whether the markets would get stable after the last week's swings and gain enough strength to last through the end of November trading.