The Dow Jones (DJIA) is trading slightly higher on Monday ahead of what may be the most important earnings report of the quarter.
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Nvidia (NVDA), the largest company in the world based on market capitalization, will report its earnings for the third quarter of fiscal year 2026 on Wednesday after the market close. The earnings come amid renewed fears of a bubble in AI and a tech stock selloff, placing additional pressure on Nvidia to report a strong quarter. Analysts expect the semiconductor leader to report an adjusted EPS of $1.25 and revenue of $54.97 billion.
BLS to Publish September’s Jobs Report on Wednesday
Meanwhile, the end of the longest government shutdown in history means that delayed economic data will finally see the light of day. Last week, the Bureau of Labor Statistics (BLS) announced that it would release September’s jobs report, which includes nonfarm payrolls and the unemployment rate, on November 20 at 8:30 a.m. Eastern Time. It’s still unclear when October’s jobs report will be published, although National Economic Council Director Kevin Hassett said that it would exclude the unemployment rate.
Furthermore, the status of when October’s Consumer Price Index (CPI) will be released is unclear as well, leaving the Fed in a challenging position ahead of next month’s interest rate decision.
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