U.S. Stock Futures Slip Amid Tech Sell-Off and Nvidia Earnings Anticipation

U.S. stock futures declined early Tuesday as investors digested a weak trading session dominated by a sell-off in AI and tech stocks. Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average (DJIA) futures fell 0.78%, 0.60%, and 0.40%, respectively, by 3:05 a.m. EST. Monday's session saw all three major indexes close sharply lower, with the Nasdaq dropping 0.84%, the S&P 500 losing 0.92%, and the Dow sliding 1.18% amid growing skepticism about the AI rally's sustainability and looming interest rate decisions.

Attention now turns to Nvidia's (NVDA) third-quarter earnings report, due Wednesday, which is expected to serve as a bellwether for AI-driven growth and broader tech sector health. Meanwhile, delayed economic data—including September's Non-Farm Payrolls report and the Federal Reserve's October meeting minutes—could reshape rate hike expectations later this week.

Retail earnings from companies like Home Depot (HD) will further test market sentiment, offering clues about consumer resilience. The tech-led retreat underscores mounting volatility as macroeconomic crosscurrents collide with sector-specific headwinds.