U.S. Stock Futures Steady After Tech-Led Market Drop
U.S. stock futures held steady Monday evening following a weak trading session that saw major indices close sharply lower. Nasdaq 100, Dow Jones, and S&P 500 futures edged up marginally, signaling cautious Optimism after the tech-heavy Nasdaq dropped 0.8% earlier in the day.
Investor focus remains on Nvidia's upcoming earnings report, with shares sliding nearly 2% amid growing skepticism about the AI rally's longevity. The chipmaker's performance could Ripple through crypto markets given the sector's heavy reliance on GPU technology.
Market participants await critical economic indicators including Fed meeting minutes and delayed jobs data, which may reshape expectations for monetary policy. Retail earnings from Walmart and Home Depot will provide crucial insights into consumer strength heading into the holiday season.