FX.co ★ Wall Street Cautious to Start the Week

On Monday, the three major U.S. stock indices fluctuated near the flatline as investors prepared for the return of economic data releases from primary statistical bodies, following the conclusion of last week’s government shutdown. Significant reports, including the employment figures and trade data, are anticipated this week, potentially impacting the Federal Reserve's policy decision next month, especially as numerous policymakers exhibit growing scepticism about the necessity for further rate cuts. Currently, market projections suggest a 43% probability of a quarter-point rate cut in December. This week, Nvidia is expected to release its quarterly earnings, with its stock down 1.2%. Apple shares also declined by 1.2% as the company intensifies its succession planning efforts. Amazon saw a 1.3% drop, and Eli Lilly decreased by 0.5% following the announcement that Novo Nordisk will lower prices for its obesity medications for cash-paying patients. On the other hand, Alphabet saw a 5.7% increase after Warren Buffett's Berkshire Hathaway revealed it had acquired a stake in the company.