US stock futures edged higher on Monday, but Nvidia’s sharp pre-market decline threatened to derail a tentative recovery in technology shares.
Dow Jones futures rose about 0.9% or 470 points and S&P 500 contracts gained 0.5%, while Nasdaq futures were little changed in early trading.
Nvidia fell nearly 5% after its board launched an independent investigation involving chief executive Jensen Huang.
The mixed start followed Friday’s rebound, which left major indices lower for the week.
5 things to know before Wall Street opens
1. Asia’s rebound remains uneven
Friday’s technology-stock recovery helped Japan’s Nikkei 225 climb 2.33% and Taiwan’s Taiex jump 4.94% on Monday.
South Korea’s KOSPI instead closed 0.81% lower at 5,018.85, surrendering an intraday advance of more than 2% as foreign investors sold shares.
The divergence points to continuing selectivity among buyers after last week’s sell-off.
2. Nvidia’s investigation tests confidence in chips
The company’s shares fell about 4%–5% before the opening bell after its board announced an independent inquiry into reports that Huang was targeted by a foreign intelligence effort.
Nvidia said it had no reason to believe national security or company secrets were compromised and reaffirmed confidence in Huang.
The CEO has agreed to cooperate, but the announcement interrupted a rebound that saw Nvidia gain 2.78% on Friday after plunging 9.26% on Thursday.
3.Inflation could revive bets on a December Fed hike
Tuesday’s US Consumer Price Index, scheduled for 8:30 am Eastern, follows stronger-than-expected employment figures.
Employers added 165,000 jobs in October and unemployment eased to 4.1%, pushing the market-implied probability of a December quarter-point rate increase to roughly 80% after Friday’s release.
4.Berkshire’s buybacks meet a major AI earnings week
Berkshire Hathaway repurchased $9.6 billion of stock in the third quarter and about $2 billion more in October under chief executive Greg Abel.
Operating earnings nevertheless fell nearly 6% to $12.71 billion as insurance results weakened.
The focus then shifts to CoreWeave’s Tuesday earnings, followed by Nebius, Cisco and Applied Materials later this week.
5.Oil falls, but shipping risks complicate relief
Brent slipped to around $97 a barrel and West Texas Intermediate traded near $90 after President Donald Trump indicated renewed US attacks on Iran were unlikely if negotiations progressed.
The retreat followed an especially sharp weekly fall in Brent, offering relief to airlines and transport firms.
Yet the conflict is unresolved, and further incidents involving vessels near the Strait of Hormuz underline continuing supply risks.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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