Stock futures are little changed on Monday night after tech losses dragged the broader market lower as investors await Nvidia
’s earnings report and delayed jobs data this week.
Futures tied to the Dow Jones Industrial Average rose 52 points, or 0.1%. S&P futures added about 0.1%, while Nasdaq 100 futures were up about 0.2%.
The three major U.S. indexes closed in the red in the previous trading session. The 30-stock Dow Jones Industrial Average plunged more than 550 points, or 1.2%, while the S&P 500 and Nasdaq Composite each lost around 0.9%.
Nvidia notably declined about 2% ahead of the chipmaker’s third-quarter results due after Wednesday’s close. The company, which is reporting toward the end of a strong earnings season, has been at the center of a debate about the strength of the artificial intelligence-powered market rally this year. Concerns have grown about weak market breadth, pricey tech valuations and the soundness of AI fundamentals due to a boom in Big Tech debt offerings and the pace of AI chip depreciation.
