Stock market today: S&P 500, Nasdaq futures edge up as Wall Street awaits Nvidia earnings

Futures connected the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) some edged up 0.2%. Meanwhile, Dow Jones Industrial Average futures (YM=F) were small changed.

The lackluster moves followed different down time for stocks. The Dow (^DJI) and S&P 500 (^GSPC) logged their 4th consecutive decline, portion the Nasdaq Composite (^IXIC) fell for the 5th clip successful six sessions. Bitcoin (BTC-USD) concisely dipped beneath $90,000 earlier regaining immoderate ground, successful a motion investors are losing appetite for riskier assets.

Investors are present bracing for Nvidia’s third-quarter earnings, owed aft Wednesday’s close. Options trading indicates the banal could determination of up to 7% successful either absorption — a plaything of implicit $300 cardinal successful marketplace value. But caller evident profit-taking successful megacap names suggests investors are questioning whether tech valuations person stretched excessively far.

Quarterly results from Target (TGT), Lowe’s (LOW), and TJX Companies (TJX) are owed earlier the opening bell. With caller economical information inactive sparse aft the national authorities shutdown, the big-box retailer results could connection the clearest work connected the authorities of US user spending heading into the vacation season.

The archetypal large post-shutdown information merchandise is expected connected Thursday, with the delayed accomplishment of the September jobs report. The labour figures volition assistance signifier expectations for the Federal Reserve's adjacent argumentation moves, with traders divided connected whether the cardinal slope volition chopped involvement rates successful December.

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