US Jobless Claims Totaled 232,000 in Week Ended Oct. 18

Defiance ETFs CEO Sylvia Jablonski stated that the AI trade remains strong, following Nvidia's optimistic revenue forecast for the current period. During an appearance on 'Bloomberg The Close,' Jablonski emphasized that AI is still in its early stages of development.

The U.S. Agriculture Secretary announced that details regarding payments to farmers will be revealed soon. This announcement comes amid ongoing discussions about financial support for farmers facing economic challenges, particularly those affected by tariffs and fluctuating market conditions.

Nvidia Corp. has projected sales of approximately $65 billion for the fiscal fourth quarter, exceeding analysts' expectations of $62 billion. This forecast indicates a robust demand for Nvidia's artificial intelligence accelerators, reflecting the company's strong position in the AI market.

TotalEnergies CEO Patrick Pouyanne cautioned European nations against becoming overly dependent on US liquefied natural gas (LNG) as they seek to reduce reliance on Russian supplies. He emphasized the need for Europe to diversify its energy sources to ensure stability and security in the face of ongoing geopolitical tensions.

The Labor Department announced that it would not release complete jobs data for October due to the impacts of the government shutdown. This decision leaves Federal Reserve officials with an incomplete understanding of the labor market as they prepare for their upcoming meeting. The September jobs report is expected to be released on Thursday.

The S&P 500 index ended its four-day losing streak, showing a positive shift in the U.S. market as investors awaited Nvidia's earnings report. This recovery comes after a period of declines attributed to concerns over Nvidia's performance and broader market volatility. The closing bell coverage was provided by Bloomberg Television and Radio.

Incode Technologies Inc., an identity verification platform, is reportedly in preliminary discussions to secure between $150 million and $300 million from investors, aiming for a valuation of up to $3 billion. This move indicates strong investor interest in the identity verification sector.

Lowe's Cos. reported profits exceeding expectations, driven by increased online sales and demand from professional contractors. This positive outcome contrasts with competitor Home Depot, which recently lowered its full-year profit forecast due to decreased consumer spending on larger purchases. Meanwhile, TJX Cos. raised its sales outlook, indicating a shift towards budget-friendly shopping options as economic pressures mount.