Wall Street Turns Cautious Ahead of Nvidia Earnings and Critical US Jobs Report

US futures stayed muted as investors awaited Nvidia earnings and the US jobs report, two major catalysts expected to influence market direction this week.

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Wall Street Turns Cautious Ahead of Nvidia Earnings and Critical US Jobs Report

Wall Street Turns Cautious Ahead of Nvidia Earnings and Critical US Jobs Report
US stock futures traded subdued as investors avoided major risk-taking ahead of two high-impact market catalysts, Nvidia’s upcoming earnings release and the closely watched US jobs report. Market participants expect significant volatility, given Nvidia’s outsized influence on AI-driven market sentiment and the labour data’s implications for Federal Reserve policy direction. 
Analysts noted that the uncertainty surrounding inflation persistence and employment resilience has kept institutional flows muted. With futures fluctuating in a narrow band, traders remain focused on incoming data that could reset expectations for December policy decisions.