Nasdaq 100 off session lows as markets await NVIDIA earnings

Earlier today the Nasdaq 100 fell down to set a session low at 20,402, after opening at 20,660. The move lower came as the other US stock markets also fell, shortly after reopening lower. All three indexes hit session lows in the first hour of trading, as the degree of risk aversion seem to mount and the dollar gained versus Europe. The US yields soon fell back though and that was the catalyst for stocks to rebound and the dollar to come off the boil. Now as far as the Nasdaq 100 is concerned, it is all about what happens after the closing bell and the Q3 results from NVIDIA. As reported earlier, many in the markets are expecting a beat on forecasts tonight from the tech titan and that in itself leaves plenty of room for disappointment, if that is not what shows up. All will be revealed as soon as possible after the numbers from NVDA break at approximately sometime around 9.20pm GMT. Meantime, the Nasdaq 100 futures are still in the red, but certainly off the earlier session lows. The index is currently priced at 20,548