Dow Jones on Edge: Nvidia Earnings & Jobs Data Could Spark Market Fireworks
Tech bulls and bears are circling as Nvidia prepares to drop its earnings bomb—while the jobs report lurks like a landmine under Wall Street's feet.
Silicon Valley's favorite GPU slinger faces impossible expectations. Another beat could send crypto miners and AI stocks into orbit—but miss by a penny, and the algos will bloodbath everything tied to a semiconductor.
Meanwhile, the jobs data threatens to yank the Fed's leash. 'Strong' numbers mean more rate hikes—because clearly, what this economy needs is another 75bps of pain. 'Weak' data? That just confirms the recession everyone's pretending not to see.
Buckle up. This 48-hour stretch will separate the diamond hands from the margin calls.
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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 an challenging position ahead of next month’s interest rate decision.
