Thursday's dramatic turnaround from an early Nvidia-fueled rally took stocks to two-month lows, but surging rate-cut hopes today awoke the market. Consumer sentiment data is ahead.

Thursday's rally-killing plunge submerged AI stocks and sent the S&P 500 to 2-month lows. Sentiment data loom as major indexes and cryptocurrencies start below key chart levels.

Stocks bounce back today on improved rate cut hopes but remain on track for weekly losses. Promises of AI profits remain under investor scrutiny, despite robust Nvidia earnings.

Thursday's dramatic turnaround from an early Nvidia-fueled rally took stocks to two-month lows, but surging rate cut hopes today awoke the market. Consumer sentiment data is ahead.

Silver December Futures (/SIZ25) settled Thursday at $50.30, a -1.09% decrease from the previous close during a day where equity markets experienced a rather drastic midday reversal coinciding with a spike in volatility.

Nvidia initially rose overnight after reporting a 62% year-over-year revenue rise and exceeding consensus on earnings and guidance. September jobs data and Walmart are up next.

Nvidia results loom after the longest S&P 500 losing streak since August. Crypto rebounded late Tuesday but mega caps sank. Lowes, Target, and Fed minutes also are on tap today.

Resurgent credit worries along with AI caution and falling rate cut odds stalk the market ahead of Home Depot today and Nvidia tomorrow. Stocks hit a one-month low Monday.

A busy week includes Nvidia earnings Wednesday, September jobs data Thursday, and a full shopping cart of retail earnings reports. Rate cut odds are down, and yields up.