“We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries,” Cramer said.
Nvidia is closely watched by analysts and investors as a leading indicator for the health of the technology industry.
Earnings reports from the country’s biggest retailers take center stage next week, as does retail sales data for October.
Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.
The CEO of Eli Lilly (LLY) pinned the company’s outlook revision on the strong dollar. “The underlying fundamentals of the business are really strong.”
Southwest said delivery delays will determine its schedules going forward.
Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error.
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