US stock indexes are mixed today, with the S&P 500 down -0.06%, Dow Jones down -0.67%, and Nasdaq up +0.11%. Energy producers and tech stocks like Nvidia are driving market movements. Concerns over a potential Fed rate cut in December and weak economic news from China are impacting market sentiment.
Bitcoin prices are down over -2% at a 6.25-month low, with heavy long liquidation pressure. President Trump signed legislation to end the government shutdown, impacting GDP growth. The White House expects delayed economic data releases. Odds of a December rate cut are at 48%.
Q3 earnings exceeded forecasts for 82% of S&P 500 companies, with a +14.6% increase. European bond yields are rising, and Eurozone GDP was revised upwards. The chances of an ECB rate cut in December are at 4%. Stock movers include tech giants like Nvidia and energy companies like Valero Energy.
Read more at Nasdaq: Stocks Recover on Strength in Megacap Tech and Energy Producers
