Sign InMonday Marktes: Investors Await Nvidia Earnings Amid Mixed U.S. Stock Futures
Alex Vellor
U.S. stock futures traded with mixed signals early Monday as investors turned their focus to Nvidia’s earnings and comments from Federal Reserve officials. By 06:00 ET (11:00 GMT), Dow Futures fell 110 points, or 0.3%. Meanwhile, S&P 500 Futures edged up 5 points (0.1%), and Nasdaq 100 Futures climbed 85 points (0.4%).
Last week, the major indices slid from recent highs following remarks by Fed Chair Jerome Powell, who emphasized that rate cuts are not imminent.
Premarket Movers:
| Company | Ticker | Stock Change | Details |
|---|---|---|---|
| Tesla | TSLA | +5.9% | Surged following reports that the Trump administration will prioritize a federal framework for fully self-driving vehicles. |
| Nvidia | NVDA | -3.4% | Fell amid doubts over the strength of sales of its new Blackwell chips ahead of earnings. |
| Spirit Airlines | SAVE | +2.8% | Rose after filing for bankruptcy protection and announcing a prearranged deal with bondholders. |
| Ford | F | +0.3% | Rose despite a recall query into 112,567 SUVs over seat belt retractor issues. |
| CVS Health | CVS | +1.9% | Rose after announcing four new board members in an agreement with Glenview Capital Management. |
| Super Micro Computer | SMCI | +10% | Surged as investors awaited a planned filing to avoid being delisted. |
| Astera Labs | ALAB | +3% | Rose after Citi initiated coverage with a ‘buy’ rating, citing unique AI investment opportunities. |
| Syndax Pharmaceuticals | SNDX | +6% | Rose after FDA approval of its Revuforj drug for certain leukemia patients. |
Tesla (NASDAQ:TSLA) shares soared 5.9% in premarket trading Monday, driven by reports that the incoming Trump administration plans to prioritize federal rules for self-driving vehicles. Such a framework could accelerate adoption and position Tesla as a leader in autonomous driving technology.
Nvidia in the Spotlight
Nvidia’s (NASDAQ:NVDA) third-quarter earnings, expected after Wednesday’s close, are poised to be a key moment for the market. As a leader in artificial intelligence (AI) technology, the chipmaker has seen its shares surge by 200% this year. This performance has even pushed Nvidia past Apple as the world’s largest company by market capitalization.
The results will serve as a barometer for tech stocks and investor sentiment, particularly after the recent rally in equities stalled. Nvidia’s AI chips remain the industry standard, making this earnings report crucial for assessing the broader AI investment trend.
In addition to Nvidia, retailers Walmart and Lowe’s are set to release results. These will offer insights into consumer spending, a key economic driver. So far, earnings season has been positive: 93% of S&P 500 companies have reported results, with 75% beating earnings-per-share estimates, according to FactSet.
Economic Indicators and Fed Speakers in Focus
This week’s U.S. economic calendar is light, but investors will closely watch Friday’s manufacturing and service sector PMI data. These numbers will provide early clues about the potential impact of proposed trade tariffs on businesses.
Additionally, several Federal Reserve officials are scheduled to speak, including Chicago Fed President Austan Goolsbee, Kansas Fed President Jeffrey Schmid, and Cleveland Fed President Beth Hammack. Their comments will likely offer guidance on monetary policy direction amid ongoing economic uncertainties.
Treasury yields ticked higher Monday, continuing last week’s upward trend. The 10-year Treasury note yield rose 3.5 basis points to 4.461%, while the 2-year yield increased slightly to 4.308%. Treasury prices move inversely to yields, and these shifts reflect investors’ cautious outlook as they await new data and Fed commentary.
About The Author
Alex Vellor
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