Stocks Decline Before Nvidia Earnings Report and US Economic Indicators

US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq all experienced declines on Monday, with the S&P 500 falling by 0.92%. The market is anticipating key economic reports and Nvidia's earnings later this week, while Alphabet's stock rose by 3% following Berkshire Hathaway's investment.

Economic Reports and Fed Outlook: A heavy schedule of delayed US economic reports is set for release this week, including employment data and manufacturing indices. The market is pricing in a 41% chance of a rate cut at the upcoming FOMC meeting, supported by Fed Governor Waller's comments on the labor market.

Corporate Earnings Trends: Q3 earnings season is nearing completion, with 82% of S&P 500 companies exceeding forecasts, leading to a 14.6% increase in earnings, significantly above expectations. Notable stock movements include Alphabet's rise and declines in major tech stocks like Nvidia and Apple.

International Market Movements: Overseas markets closed lower, with the Euro Stoxx 50 down 0.93% and declines in China's Shanghai Composite and Japan's Nikkei. European bond yields fell, while the European Commission raised its GDP forecast for the Eurozone, indicating a mixed outlook for economic stability.