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Nvidia dropped the mic with Q3 revenue of $57B (beat expectations by $1.8B) and guided Q4 at $65B, but here's the plot twist: the AI chip giant immediately erased gains and turned red. Market panic real.



The whole tech rally flipped. S&P 500 -0.19%, Nasdaq -0.49%, VIX spiked 19% to highest since mid-October. What happened? Sep jobs came in HOT at +119K (vs +51K expected), but unemployment ticked UP to 4.4% (4-year high). Classic whipsaw.

Fed rate cut odds for December collapsed from 50% last week to 39.6% now. Bond yields are ping-ponging. Cleveland Fed's Beth Hammack threw cold water: cutting rates could fuel inflation and risk-taking.

Winner of the day? Walmart crushed Q3, up 5.7%, raised 2026 guidance. Loser? Bath & Body Works tanked 25% after missing on sales and cutting full-year EPS. Datadog down 7% after Palo Alto's $3.35B Chronosphere acquisition.

Earnings season nearly done: 460 of 500 S&P companies reported, 82% beat forecasts, Q3 earnings +14.6% (double the +7.2% consensus). This is on track for best quarter since 2021.
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