Stock market today: Dow, S&P 500, Nasdaq futures rise as investors count down to Nvidia earnings, jobs report
Tech led US stock futures higher on Monday, poised to revive a stalled rally fueled by doubts about Federal Reserve interest-rate cuts, as investors looked ahead to this week’s crucial monthly jobs report.
Nasdaq 100 futures (NQ=F) climbed 0.8%, while those on the S&P 500 (ES=F) rose roughly 0.6%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, moved up 0.2%.
The Nasdaq Composite (^IXIC) endured a volatile stretch and ended last week lower, as megacap tech names including Alphabet (GOOG), Amazon (AMZN), Broadcom (AVGO), and Meta (META) lost traction. The S&P 500 (^GSPC) and Dow (^DJI) managed to finish the week slightly higher, though both were hit with sharp pullbacks on Thursday.
A full return to a complete slate of economic data after the shutdown’s end remains up in the air. But investors will get their first official government snapshot of the labor market this week with the long-awaited release of September’s jobs report on Thursday. The report will provide a delayed picture of the jobs market in the US, as a more cautious tone from Fed officials last week throws doubt on the central bank’s rate move next month.
The coming week sees some of the last major releases for earnings season, particularly for AI trade. Nvidia (NVDA) is set for its blockbuster report on Wednesday, always an intensely scrutinized event. Investors will also get fresh insight into consumer strength as retailers led by Walmart (WMT) report. Home Depot (HD), Target (TGT), Lowe’s (LOW), and Gap (GAP) also release reports this week.
Bitcoin (BTC-USD), meanwhile, is serving as a health check for the crypto market at large, as the coin dropped 30% in a little over a month from a record high of over $126,000 to below $94,000. The drop erased much of this year’s gains that were sparked by the Trump administration’s more crypto-friendly stance and indicated investors could be shifting to a risk-off mindset.
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