Nasdaq futures rise as traders await Nvidia earnings: Live updates

Stock futures were slightly higher on Monday morning as Wall Street awaits a big earnings week and monitors an apparently confused 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 rough week for the three major benchmarks, which are now off their 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&P 500 also fell last week to end at 5,870.62, while the tech-heavy Nasdaq Composite dived to close at 18,680.12 last week.

Concerns about the path of interest rates continue to weigh on investors’ minds, especially after Federal Reserve 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 led to last week’s selloff. Most investors now price an overnight lending rate in the range of 4.25% to 4.50%, according to CME FedWatch Tool.

The next big catalyst for the market this week will be Nvidia earnings, which are set to be released on Wednesday. Traders will look for guidance on the company’s demand for its Blackwell AI chips.

Earnings from Palo Alto Networks and several larger retailers, including Walmart, Goal and Rossis also on deck this week. So far, with 93% of S&P 500 companies reporting earnings, three-quarters of them have reported a positive EPS surprise and 61% have reported a positive revenue surprise, according to a Friday note from FactSet’s John Butters.