17.11.202517:38:51UTC+00US Stocks Erase Losses

U.S. stocks showed resilience on Monday, recovering from early declines to hover just slightly above the flatline. As investors prepared for a slew of postponed economic reports preceding the Federal Reserve's forthcoming meeting, the S&P 500 and the Nasdaq 100 posted modest gains, whereas the Dow remained level, significantly below its peaks from last week. The delay in key reports, stemming from the government shutdown, will see both employment figures and trade data released this week, potentially impacting the Fed's decision as skepticism grows among many policymakers regarding further rate cuts. Currently, rate futures reveal that 40% of the market anticipates a cut, down from the strong consensus felt earlier in November. On the corporate front, Alphabet saw a 4% increase following Berkshire Hathaway's revelation of acquiring a $4.9 billion stake in the company during the third quarter. In contrast, Nvidia saw a 1.5% decline in its shares as it approached its earnings announcement, scheduled after Wednesday's close. This will serve as a recent evaluation of the soaring AI stock prices seen this year.