"Wall Street Starts the Week with a Rise Amid Fluctuations"

The U.S. stock markets were shaken on Monday amid uncertainties regarding interest rate cuts, as investors focused on the earnings report of high-risk Nvidia (NVDA) and the delayed September unemployment report.

The tech-heavy Nasdaq Composite Index (^IXIC) fell nearly 0.5%, while the S&P 500 (^GSPC) dropped 0.4%. The Dow Jones Industrial Average (^DJI) also lost about 0.3% of its value.

Wall Street is preparing for Nvidia (NVDA) earnings report set to take place on Wednesday; this event is always followed with intense interest. However, this time the risks are higher due to doubts surrounding Big Tech valuations and significant investments in artificial intelligence. The semiconductor maker's results and future expectations will test whether earnings will sustain stock market gains.

At the start of the week, a rise was recorded; Berkshire Hathaway (BRK-B) made nearly a $5 billion share purchase in Alphabet (GOOG, GOOGL). This move is progressing to be one of the latest major investments under Warren Buffett’s leadership. Google’s parent company's shares initially showed a nearly 5% increase. Meanwhile, Nvidia shares fell after Peter Thiel’s hedge fund Thiel Macro announced that it had sold its shares in the chip maker.

Investors are eager to get an official glimpse of the long-awaited September unemployment report. However, even with the end of the federal government's shutdown, the return of comprehensive economic data remains uncertain.

This week’s September unemployment report will be under high scrutiny due to Federal Reserve officials recently adopting a more cautious approach. Investors are assessing the likelihood of an interest rate cut at 45%, down from about 62% a week ago.

This week, earnings from the business world will be reported, led by various retail companies including Walmart (WMT), along with others like Home Depot (HD), Target (TGT), Lowe's (LOW), and Gap (GAP).

Bitcoin (BTC-USD) stands out as an important indicator to determine the health of the overall crypto market. The cryptocurrency has plunged over %30 within a little more than a month, dropping from $126,000 to below $94,000. Last weekend, Bitcoin erased its gains for the year, reflecting a tendency among investors to flee from risk.

Nvidia (NVDA) shares experienced a 2% drop before opening on Monday following a prior announcement. Peter Thiel’s hedge fund Thiel Macro reported that it sold its entire stake in Nvidia in the third quarter. This occurred just before the semiconductor maker’s quarterly earnings report. The results of Nvidia will reveal whether the stocks supported by artificial intelligence technology carry the risk of a bubble.

Zymeworks (ZYME) and Jazz Pharmaceuticals (JAZZ), two biotechnology companies, gained 34% and 20%, respectively, on Monday morning after providing positive results related to stomach cancer treatment. Zymeworks announced that its treatment, named Ziihera, showed significant improvements in survival rates compared to the control group.

Kenneth Galbraith, CEO of Zymeworks, stated, “The primary results of the HERIZON-GEA-01 trial represent a real milestone for patients with HER2+ gastroesophageal adenocarcinoma.” Jazz acquired the commercialization rights for the treatment and plans to present the results at a major medical conference in the first quarter of 2026.

On Monday, Netflix (NFLX) executed a 10-for-1 stock split. As a result, Netflix shareholders received 10 new shares for each share they owned on November 10. This was the company’s third stock split. Following the split, Netflix shares began trading at approximately $111 on Monday morning.

XPeng (XPEV) announced a lower-than-expected fourth quarter revenue forecast due to a price war and increased competition in China. The company expects revenue between 21.5 billion and 23 billion yuan, which is below the average analyst estimate of 26 billion yuan.