US stocks closed down as traders eye Nvidia earnings and the release of key government data. Photo: AP PHOTO

US stocks have closed one per cent lower as investors consider the health of the consumer ahead of quarterly results from retailers this week and a long-delayed US jobs report, while they also brace for earnings from Nvidia later this week.

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Losses accelerated in afternoon trading, with the S&P 500 trading below its 50-day moving average, a key technical marker, and on track to close below that level for the first time in months.

Results this week from retail giants Walmart,

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