Wall St futures rise after rough week, but Nvidia unsettles investors
SPY•U.S. stock index futures rose Monday after a steep weekly slide, with Dow futures up 0.73%, S&P 500 futures up 0.40% and Nasdaq 100 futures up 0.21%. Nvidia shares fell 4.5% premarket as questions about CEO Jensen Huang’s future unsettled investors.
1. Futures rebound
U.S. stock index futures rose Monday as investors hunted for bargains after last week’s steep equity slide. At 5:10 a.m. ET, Dow futures were up 0.73%, S&P 500 futures gained 0.40% and Nasdaq 100 futures added 0.21%.
2. Nvidia weighs on sentiment
Nvidia shares fell 4.5% premarket after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort raised questions about his future at the company. Some chipmakers also fell, while Microsoft, Alphabet and Meta rose less than 1% each. Markets were also weighing concerns about the sustainability of the AI boom and the possibility of a December rate hike.
3. Earnings ahead
KKR was up 3.7% ahead of its results due Monday, while Constellation Energy was flat. Of 335 S&P 500 companies that had reported earnings as of Thursday, 82.4% beat estimates.
