Investors eagerly await earnings reports from Nvidia and Walmart this week, as 92% of S&P 500 companies have already reported a 13.1% jump in earnings per share for Q3, beating expectations. TJX Companies stock rises after reporting $1.28 earnings per share on $15.1 billion in net sales, with a 5% increase in same-store sales.

Lowe’s stock jumps over 5% after beating profit estimates due to online sales growth and demand from professional contractors. Target stock falls 2% as the retailer slashes profit guidance and warns of a tough holiday season for cash-strapped consumers. Nvidia’s earnings report is crucial for the market, with expectations of a 7% move in its stock post-results.

La-Z-Boy stock rises over 5% after reporting earnings and revenue that beat estimates, indicating a turnaround push. Klarna’s revenue surges 26%, surpassing expectations in its first report since the IPO. Medtronic stock rises 4% after beating earnings estimates and raising guidance for heart devices and insulin pumps.

Home Depot stock falls over 3% as the company cuts its forecast due to weak US consumer demand. PDD Holdings posts a 9% revenue increase, while Xiaomi’s EV arm sees its first profit. Baidu’s Q3 revenue beats expectations, driving a 2% stock rise before the bell.

Nvidia’s earnings report will be critical for AI-related stocks, with potential market impacts. Applied Materials forecasts strong revenue on AI chip demand, and Disney falls 3% after missing Q4 revenue estimates. Tencent’s quarterly growth beats expectations, driven by gaming and AI services. Cisco raises its annual forecast on networking gear demand from the AI boom.

Read more at Yahoo Finance: Target stock sinks, TJX and Lowe’s rise as the focus turns to Nvidia earnings