Stocks Churn Before Nvidia as Fed-Cut Wagers Wane: Markets Wrap

Wall Street traders sent stocks churning ahead of earnings from Nvidia Corp., whose bar has been raised amid questions on whether its revenues will justify the billions of dollars spent in artificial intelligence.

In the run-up to results from the last of the “Magnificent Seven” megacaps to report, the S&P 500 wavered. Money markets nearly priced out a rate cut next month as the Bureau of Labor Statistics won’t publish an October jobs report, but will incorporate the payrolls figures into the November reading due after the Federal Reserve’s final meeting of the year. Bitcoin sank ...