Tech Gains Ground Before Nvidia's Earnings as Bitcoin Drops Below $90,000: Market Movers for Wednesday

Nvidia Earnings Report: Nvidia Corp. is set to report its third-quarter earnings, which could influence market sentiment as the Nasdaq 100 shows slight recovery, with Nvidia's stock up nearly 2%.

Market Reactions: The S&P 500 experienced marginal gains while the Dow Jones Industrial Average fell 0.2%. Traders are also anticipating the minutes from the October Federal Open Market Committee meeting for insights on the Federal Reserve's future actions.

Energy Sector Developments: GE Vernova Inc. and Constellation Energy Inc. saw significant stock increases of nearly 6% each due to new contracts and a loan guarantee, respectively, while Eversource Energy faced a 9% drop after regulatory setbacks.

Crypto Market Decline: The cryptocurrency market is experiencing a downturn, with Bitcoin dropping below $90,000 and a total market cap contraction from $4.27 trillion to $3.02 trillion, alongside significant losses for major cryptocurrencies like Ethereum and Solana.