U.S. Stock Futures Rebound After Tech-Led Selloff
U.S. stock futures edged higher Monday evening following a broad market decline, with Nasdaq 100, Dow Jones, and S&P 500 futures rising 0.28%, 0.16%, and 0.21% respectively. The muted recovery comes after a sharp selloff earlier in the day that saw tech stocks lead losses.
Nvidia shares slid nearly 2% ahead of its Wednesday earnings report, reflecting growing investor skepticism about the sustainability of the AI rally. Market participants await key economic catalysts this week, including Fed meeting minutes and delayed jobs data, which could reshape rate cut expectations.
Retail earnings from Walmart, Home Depot, and Target will provide crucial insights into consumer health as the holiday shopping season approaches. The market's direction hinges on whether these reports confirm or contradict concerns about economic softening.
