Nvidia's Earnings Fail to Sustain Market Gains; Unity, Wix, Upstart, Samsara, and Health Catalyst Shares Decline Amidst Rate Uncertainty

Several tech stocks, including Unity, Wix, Upstart, Samsara, and Health Catalyst, fell after markets reversed from a strong morning session. The decline was attributed to a stronger-than-expected jobs report, which reduced the likelihood of a December interest rate cut. Investors rotated towards defensive staples, with Walmart gaining 6%. The sell-off reflects caution about high-flying tech valuations in a "higher-for-longer" rate environment.