"Last night, Nvidia ( Nasdaq: NVDA) beat by a nickel on its fiscal Q3 2026 earnings report, reporting $1.30 per share in profit and sales of $57 billion - $2.1 billion more than Wall Street expected. Nvidia went on to guide investor higher on Q4 as well, saying revenue will be $65 billion, plus or minus, which if true will far exceed analysts' expected $61.6 billion."
"Just a few hours later, the U.S. government did its part to keep the stock market rally going, as the U.S. Bureau of Labor Statistics reported 119,000 new jobs created in September. This reversed the 4,000 jobs lost in August, and was more than 50,000 jobs economists had predicted. BLS also noted that average hourly earnings increased 3.8% year over year."
"In non-Nvidia earnings news, S&P 500 component company Walmart ( NYSE: WMT) beat Q3 earnings by two cents this morning, reporting a $0.62 per share profit and sales of $179.5 billion, about $2 billion more than analysts were expecting. Walmart also raised guidance for full-year earnings to a range of from $2.58 to $2.63. Walmart stock is up 3% premarket."
U.S. markets opened higher with the Vanguard S&P 500 ETF rising 1.5% premarket. Nvidia reported fiscal Q3 profit of $1.30 per share and $57 billion in sales, guided Q4 revenue to about $65 billion, and saw its stock climb over 5%. The Bureau of Labor Statistics reported 119,000 jobs added in September and 3.8% year-over-year average hourly earnings growth, reversing August losses. Walmart beat Q3 expectations, raised full-year earnings guidance, and saw its stock rise about 3% premarket. Other S&P 500 companies also reported better-than-expected results supporting the rally.
Read at 24/7 Wall St.
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