Nvidia, Apple, NIO, MongoDB, and More Market Movers

Stocks were poised to rise on Wednesday. Gains continue to be fueled by expectations that the Federal Reserve will cut interest rates multiple times next year, perhaps as early as March.

Investors are closely watching jobs data this week for signs that historical tightness in the labor market is easing, a trend that would encourage the Fed to lower borrowing costs. The key catalyst is the U.S. jobs report due Friday, but Tuesday’s JOLTS report revealing fewer job openings reinvigorated stocks in the previous session. Investors are also looking ahead to the ADP payrolls report due Wednesday.