Overview
- U.S. premarket shows modest gains, with the S&P 500 up about 0.15% and the Nasdaq up 0.33%, while the Dow edges lower.
- Nvidia reports quarterly results Wednesday and sits at the center of this week's market narrative, with Target and Walmart also set to report.
- Investors marked down the probability of a December Fed rate cut to below 50% following recent comments from Chair Jerome Powell and colleagues.
- European and Asian equities trade lower, and Spain's Ibex 35 falls about 0.89%, testing the 16,200 level.
- On the Ibex, Inditex leads decliners as Solaria jumps more than 16%, helping cushion the index's slide.