Blue-chip stocks on Wall Street saw a third day of losses, with the Nasdaq falling over 0.8% and the S&P 500 dropping 0.9%. The Dow Jones slipped more than 550 points. Investors await Nvidia’s earnings amidst doubt over rate cuts and the delayed September jobs report.

Investors brace for Nvidia’s earnings, with doubts on Big Tech valuations and AI spending. Thiel Macro sold its stake in Nvidia, causing shares to fall nearly 2%. Berkshire Hathaway’s $5 billion stake in Alphabet provided a tech boost, with Google parent’s stock rising about 3%.

Traders await September’s jobs report, scrutinizing the US labor market snapshot. Fed’s cautious tone casts doubt on future rate cuts, with a 45% chance priced in for a cut. Retail earnings from Walmart, Home Depot, Target, Lowe’s, and Gap will provide insight into consumer strength.

Bitcoin’s price drop from a record high to below $92,000 serves as a health check for the crypto market. Stocks posted losses for the third day in a row, with the Nasdaq down 0.8% and the S&P 500 shedding 0.9%. Financial, Energy, and Technology sectors led losses on Monday. Cryptocurrencies and Big Tech stocks, except for Alphabet, Broadcom, and Tesla, closed in negative territory, with Nvidia leading the declines. Nvidia’s upcoming earnings announcement is crucial for the market. Blue Origin CEO predicts data centers in space. Over half of US homes decreased in value. Bitcoin falls below $94,000 due to market cycles. Congress to address stock trading after Fed scandal. Alphabet hits all-time high after Berkshire buys shares. Tesla stock rises on positive analyst outlook. Fed’s future uncertain despite reshuffling. Big Tech stocks trade mixed, with Broadcom rising. Meta stock remained flat, while Nvidia stock dropped 1% after Peter Thiel’s hedge fund sold its stake. Broadcom rose 2%, surpassing Tesla and Meta in market cap. Stocks initially fell before recovering, with the Nasdaq down 0.5% and the S&P 500 down 0.4%. Investors await Nvidia’s earnings report and September jobs data.

Nvidia shares fell 2% as Peter Thiel’s hedge fund sold its stake, following SoftBank’s offloading of Nvidia shares. The stock is up 42% for the year. Zymeworks and Jazz Pharmaceuticals soared over 34% and 20% after positive trial results for a stomach cancer treatment. Jazz plans to submit the results for publication.

Netflix’s 10-for-1 stock split took effect, with shareholders receiving 10 shares for every one owned. The split aimed to make the stock more accessible to employees. Shares traded around $111 before the market opened. Investors are watching Nvidia’s earnings report, Walmart earnings, and the return of jobs numbers this week. Chinese EV maker XPeng forecasts lower Q4 revenue due to price war and competition in China’s auto market. Despite record deliveries, XPeng’s cautious outlook caused US-listed shares to fall by 4%. XPeng expects Q4 revenue of 21.5-23 billion yuan, below analysts’ 26 billion yuan estimate.

Dell and HP stock fell after Morgan Stanley cut ratings. Dell dropped 5% while HP fell 3%. Masimo stock rose 3% after a US jury ruled Apple must pay $634 million in a smartwatch patent case.

Alphabet’s stock rose 5.5% in premarket trading after Berkshire Hathaway disclosed a $4.9 billion stake in Google’s parent. Berkshire owns 17.85 million shares in Alphabet, worth $4.93 billion. This move marks one of the final major decisions under Warren Buffett’s leadership.

Wall Street strategists advise holding ground amid tech stock sell-off, saying it’s a short-term blip. Earnings bull case remains intact for tech stocks. 1. In a recent study, it was found that air pollution levels in major cities like New York and Los Angeles have decreased by 25% due to the COVID-19 lockdown measures. This drop in pollution has resulted in better air quality and reduced health risks for residents.

2. The unemployment rate in the United States has reached 14.7%, the highest level since the Great Depression. Over 20 million people have lost their jobs in the past month due to the economic impact of the pandemic. The government is implementing measures to provide financial assistance to those affected.

3. Researchers have discovered a new species of dinosaur in Argentina, believed to be one of the largest dinosaurs to have ever lived. The fossilized remains suggest that this dinosaur was over 100 feet long and weighed around 70 tons. The discovery sheds new light on prehistoric creatures.

4. The World Health Organization has declared that Africa is free of wild poliovirus, marking a major milestone in global health efforts. This achievement is a result of extensive vaccination campaigns and efforts to eradicate the disease. However, ongoing surveillance and vaccination efforts are still needed to prevent outbreaks. 1. The United Nations reports that global hunger is on the rise, with over 820 million people suffering from food insecurity in 2018. This marks an increase for the third consecutive year, with conflict and climate change cited as major factors.

2. The World Health Organization declares the Ebola outbreak in the Democratic Republic of Congo a global health emergency. The outbreak, which has claimed over 1,600 lives since August 2018, poses a significant threat to neighboring countries and requires a coordinated international response.

3. A study published in the Journal of the American Medical Association reveals that air pollution may be linked to an increased risk of developing dementia. Researchers found that individuals living in areas with higher levels of fine particulate matter were more likely to develop the condition.

4. The European Union fines Qualcomm €242 million for engaging in anti-competitive practices. The chipmaker was found to have sold 3G chips below cost to drive a competitor out of the market, violating EU antitrust rules. This marks the third antitrust fine against Qualcomm by the EU in the past three years.

5. NASA announces plans to return humans to the Moon by 2024 as part of the Artemis program. The mission aims to land the first woman and the next man on the lunar surface, paving the way for future manned missions to Mars. The program is estimated to cost $20-30 billion over the next five years.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq slide as sell-off resumes ahead of Nvidia earnings, jobs data