The S&P 500, Dow Jones, and Nasdaq are up today, with futures also showing gains. Nvidia’s strong revenue forecast boosts chipmakers and AI stocks, sparking a risk-on sentiment. US stock indexes rise after better-than-expected nonfarm payrolls but a higher unemployment rate, raising rate cut expectations for December’s FOMC meeting.

US weekly initial unemployment claims fall, but continuing claims rise, signaling challenges for the unemployed. Nonfarm payrolls beat expectations, but the unemployment rate unexpectedly rises. Average hourly earnings remain steady. The Philadelphia Fed business outlook survey disappoints, while hawkish comments from the Cleveland Fed President weigh on stocks.

Q3 corporate earnings season sees 82% of S&P 500 companies beating forecasts, with earnings rising more than expected. Overseas markets show mixed performance, with the Euro Stoxx 50 and Nikkei up, but the Shanghai Composite down. Interest rates in the US and Europe fluctuate, while German PPI falls.

Tech stocks like Nvidia, Tesla, and Alphabet lead gains in the US market, with semiconductor and AI-infrastructure stocks climbing. Walmart, Regeneron Pharmaceuticals, ZIM Integrated Shipping Services, and Nasdaq Inc also see positive movements. Bath & Body Works, Jacobs Solutions, Datadog, Abbott Laboratories, and Palo Alto Networks are among the losers.

Earnings reports for companies like Bath & Body Works, Copart Inc, Walmart, and others are set for release. The markets anticipate more economic data releases and remain focused on the upcoming FOMC meeting in December. Investors assess company performance and market trends amid ongoing economic indicators and global developments.

Read more at Nasdaq: Stocks Soar on Robust Nvidia Earnings