Stocks Shift Direction as Nvidia Earnings Surge Dwindles, VIX Soars

Market Performance: The S&P 500, Dow Jones, and Nasdaq indices are down slightly, following Nvidia's earlier gains that were erased, while Walmart's stock rose over 5% after strong Q3 results.

Economic Indicators: US nonfarm payrolls exceeded expectations, but the unemployment rate rose to a four-year high, leading to speculation about potential interest rate cuts by the Fed.

Corporate Earnings: Q3 earnings season is nearing completion, with 82% of S&P 500 companies surpassing forecasts, marking the best quarter since 2021, while Bath & Body Works and Jacobs Solutions reported disappointing results.

Global Market Trends: Overseas markets showed mixed results, with the Euro Stoxx 50 up and China's Shanghai Composite down, while bond yields in Europe varied, reflecting differing economic conditions.