Overview
- Major indexes retreated with the Dow down 1.18%, the S&P 500 off 0.92% and the Nasdaq lower by 0.84%, as the VIX jumped roughly 13%.
- Nvidia reports Wednesday after the close, with its shares down about 1.8% as traders brace for guidance that could sway AI-linked stocks.
- The Bureau of Labor Statistics releases the postponed September employment report this week following the government shutdown.
- CME FedWatch now leans toward the Federal Reserve holding rates in December, a marked shift from the cut-heavy odds seen a month ago.
- Corporate action was mixed as Berkshire Hathaway’s multibillion-dollar Alphabet stake boosted that stock, Morgan Stanley downgrades pressured Dell and Hewlett Packard Enterprise, and Bitcoin slid toward $92,000.