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Nasdaq futures rise as traders wait for Nvidia earnings: live updates
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Nasdaq futures rise as traders wait for Nvidia earnings: live updates

Traders work on the floor of the New York Stock Exchange during the opening bell on November 13, 2024.

Angela Weiss | AFP | Getty Images

Stock futures were slightly higher Monday morning as Wall Street awaits a big earnings week and eyes an apparent failed post-election rally.

Futures tied to the Dow Jones Industrial Average fell 13 points, or less than 0.1%. S&P futures rose 0.2%, while Nasdaq 100 futures rose 0.59%.

Sunday’s move follows a tough week for the three major benchmarks, which are now off the highs seen in the wake of President-elect Donald Trump’s victory. The Dow Jones Industrial Average ended the week lower at 43,444.99 points, after previously rising above 44,000 for the first time. The S&P500 also fell last week, ending at 5,870.62, while tech was heavy Nasdaq Composite fell last week, ending at 18,680.12.

Concerns about the path of interest rates continue to weigh on investors’ minds, especially after Fed Chairman Jerome Powell said Thursday that the central bank is in no “rush” to cut rates given the economy’s strong growth and a solid labor market – which caused last week’s sell-off. According to the CME FedWatch Tool, most investors are now pricing in a year-end overnight rate between 4.25% and 4.50%.

The next big catalyst for the market will be this week Nvidia profit figures, which will be announced on Wednesday. Traders will be watching for clues about the company’s demand for its Blackwell AI chips.

Income out Palo Alto Networks and several major retailers including Walmart, Goal And Roseare also on deck this week. To date, 93% of S&P 500 companies reported results. Three-quarters of them reported a positive earnings per share surprise and 61% reported a positive revenue surprise, according to a Friday note from FactSet’s John Butters.