The Weekend Rip
Happy Weekend!

Markets swung hard all week, sliding below key averages early, rebounding on Nvidia’s monster earnings, then collapsing on jobs data and crypto liquidations before closing Friday green on chip‑sale rumors and mixed Fed signals. Tech volatility, Fed uncertainty, and Bitcoin’s crash defined the tape, while Buffett’s portfolio moves, Three Mile Island’s restart, and retail earnings kept headlines busy.

Let's recap and prep you for the week ahead. 📝

◀️ Monday the market slipped with all major indexes closing below their 50‑day averages, a bearish signal ahead of fresh government data. Buffett’s 13F filing showed a big new Alphabet stake and a trimmed Apple position, while Peter Thiel’s fund dumped $100M of Nvidia, sending chip stocks lower. Fed officials stayed split on December cuts, Bitcoin slid toward $90k, and investors braced for Nvidia’s earnings report midweek.

🌏️ Tuesday the market slid again, with the S&P 500 nearing its 100‑day average and semis dropping into correction territory ahead of Nvidia’s big report. Bitcoin briefly dipped under $90k before rebounding, while Microsoft and Amazon led the Mag 7 lower after a downgrade that questioned AI profitability. Constellation landed a $1B loan to restart part of Three Mile Island with Microsoft as a partner, ADP data showed job losses, and the House voted to release the Epstein files as Trump hosted Saudi Crown Prince bin Salman.

🐻 Wednesday the market finally broke its losing streak as Nvidia delivered its 10th straight earnings beat, with $57B in revenue and datacenter sales off the charts. CFO Colette Kress said Blackwell chips are sold out and forward visibility tops half a trillion dollars through 2026, sending the stock up more than $300B in post‑market trading. Meanwhile, FOMC minutes showed deep divisions on December cuts, jobs data is delayed until mid‑December, and Bitcoin kept sliding under $90K, rattling crypto stocks.

🥵 Thursday started green after Nvidia’s double beat, but the rally collapsed into the biggest one‑day tech drop since April, with the Dow off nearly 1,000 points and semis down 5%. September jobs data showed strong hirings but unemployment at a four‑year high, adding to confusion as Fed signals stayed mixed and crypto liquidations dragged equities l ower. After hours, Intuit, Webull, Gap, and Ross reported, Citigroup’s CFO stepped down, and Michele Steele was introduced as Stocktwits’ new Content Strategy Director.

🍏 Friday the market closed green after Nvidia’s earnings beat pulled stocks out of a morning nose‑dive, helped by rumors the Trump team may allow H200 chip sales to China. Fed signals stayed mixed with John Williams calling for a cut while others urged patience, pushing December odds up to 70 percent. Bitcoin kept sliding with $2B in liquidations and index risks for crypto firms, while earnings split the tape as BJ’s showed resilience, VinFast burned cash, and Manchester United leaned on sponsorships.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices: 

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THE BRIEF

Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

Earnings This Week

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.

Economic Calendar

In addition to the above, check out this week's complete list of economic releases.

Links That Don’t Suck 🌐

🆘 It’s our biggest deal of the year: Join IBD Digital today for only $1/week *

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Economic data returns, retail earnings feature in holiday-shortened week: What to watch this week

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