Nasdaq drops over 2%, US stocks reverse to erase Thursday gains

US stocks (^DJI, ^IXIC, ^GSPC) closed Thursday's session in negative territory after reversing course and erasing intraday gains. The Nasdaq Composite dropped by 2.15% (or 486 points), trailed by the S&P 500's daily loss of 1.4%. This all comes after Nvidia (NVDA) published third quarter earnings on Wednesday and this morning's release of the long-delayed September jobs report, the latter signaling that the labor data may not be enough to persuade the Federal Reserve to cut interest rates. Yahoo Finance markets and data editor Jared Blikre recaps the day’s market moves. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.