"The futures are trading lower for the fourth consecutive day, following deep selling on Monday, particularly in some of the major technology names, such as NVIDIA Corp. ( NASDAQ: NVDA), after it was disclosed that billionaire Peter Thiel had sold his entire position in the stock during the third quarter. This comes on the heels of Softbank announcing the liquidation of its entire position in the company last week, and Michael Burry of "Big Short" fame's purchase of NVIDIA puts."
"Alphabet Inc. ( NASDAQ: GOOGL) was the big winner on Monday after it was revealed that Berkshire Hathaway Inc. ( NYSE: BRK-B) had initiated a substantial $4.3 billion position, as Warren Buffett's legacy firm purchased approximately 17.8 million shares of Alphabet stock in the third quarter of 2025. Wall Street remains focused on upcoming data like the September jobs report, which is expected to be released on Thursday."
"Treasuries saw some modest buying across the curve on Monday, with yields lower on almost all the maturities. While S&P 500 earnings for the quarter have been mostly completed, and the upcoming economic data is on the way, it's essential to remember that Federal Reserve members are currently in a blackout period, so market and financial commentary from that group is expected to be muted for a while."
Futures fell for a fourth consecutive day after heavy selling in major technology names following exits by prominent investors from NVIDIA and Michael Burry's purchase of NVIDIA puts. Berkshire Hathaway initiated a roughly $4.3 billion position in Alphabet, buying about 17.8 million shares, boosting Alphabet on Monday. Wall Street awaits the September jobs report, delayed by a 43-day government shutdown that postponed many crucial economic releases relied upon by markets and the Federal Reserve. Treasuries saw modest buying and lower yields across the curve while Federal Reserve members remain in a blackout period. The 30-year closed at 4.73% and the 10-year at 4.13%. Energy prices declined as oil fell after loading resumed at Russia's Novorossiysk export hub and natural gas dropped more than 5% amid oversupply concerns.
Read at 24/7 Wall St.
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