Happy Monday, investors! Markets opened the week on a mixed note as traders prepared for a flood of earnings and key economic data.
Markets at Midday
- Dow Jones: Lower
- S&P 500 & Nasdaq: Turned positive
- 10-Year Treasury Yield: Fell to 4.13%
- Energy: Pulled back after a Russian export hub resumed operations
- Gold: Stabilized after last week’s sell-off
- Crypto: Continued to slump
Top Movers
Alphabet (GOOGL) — Higher
Google-parent Alphabet jumped after Warren Buffett’s Berkshire Hathaway revealed a new $4.3 billion stake, sparking investor enthusiasm and a sharp open-gap move.
Nvidia (NVDA) — Lower
Nvidia slipped ahead of its Wednesday earnings report as valuation concerns grew.
Analysts expect:
- Earnings: $1.25 adjusted EPS
- Revenue: $54.8 billion for the quarter
In addition, filings revealed that Peter Thiel’s hedge fund exited its entire Nvidia stake in Q3 — a position worth roughly $100 million as of Sept. 30.
Earnings to Watch This Week
- Tuesday: Home Depot (HD)
- Wednesday: Palo Alto Networks (PANW), Target (TGT)
- Later in the Week: Nvidia’s highly anticipated report
Key Economic Data Ahead
- October Jobs Report: Expected this week following delays from the government shutdown. Note: The report will not include an unemployment rate due to missing household survey data.
- Fed Watch: Investors will closely study the FOMC’s October meeting minutes on Wednesday for new rate-cut clues.
- Consumer Sentiment: Updated University of Michigan figures arrive Friday.
Bottom Line
It’s shaping up to be a high-impact week for markets—big earnings, fresh economic data, and renewed Fed speculation all collide in the days ahead.
Stay tuned for more daily insights. Not financial advice.
Leave a Reply