Inside the blue chip index, Amazon AMZN and Caterpillar CAT rose 0.2% and 0.6%, respectively, in morning trading. Amazon stock breached its 50-day moving average Tuesday.

NASDAQ has also managed to gain some ground ahead of NVIDIA’s report. Strategy, which was down by 10.9%, was the worst performer in the NASDAQ index today. The stock suffered a strong sell-off as Bitcoin declined below the $90,000 level amid broad pullback in crypto markets.

Nvidia shares have fallen more than 12% since their recent peak on Oct. 29—the day it became the world's first $5 trillion company. It's the 16th time shares have "corrected," dropping 10% or more from a recent high,

Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.

Nvidia stock is up 3.2% at $187.16 in morning trading, bucking a downward trend heading into its third-quarter report. Shares are down 6.4% in the week leading up to this report, marking their worst pre-earnings performance since February 2024 when shares fell 8.

Stocks finished lower on Monday, with the Dow Jones Industrial Average and S&P 500 suffering their third straight day of losses.