Stock Markets Down, Bitcoin Drops, Nvidia Results Ahead

Stock markets experienced a downturn this week, with the Dow Jones Industrial Average, Nasdaq Composite, and S&P five hundred all posting losses. Bitcoin also saw a significant drop, causing concern in Asia and contributing to lower ten-year Treasury yields. Looking ahead, Nvidias third-quarter results and the September jobs report will be closely watched, as investors re-evaluate the strength of the AI-driven market rally and consider the impact of big tech debt issuance on AI data center constructions. Retail earnings reports, including those from Home Depot, Walmart, and Target, will also provide insights into consumer spending power before the holiday season.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.