US stock index futures ticked upward on Monday morning as investors hunted for bargains following a steep market slide, though fresh leadership questions at Nvidia Corp. complicated the recovery.
Nvidia Probe Shadows Tech Recovery
Futures for the S&P 500 climbed 0.4%, while Nasdaq 100 futures rose 0.2%, according to Bloomberg. The tentative rebound follows the S&P 500’s worst week since April 2025.
Shares of Nvidia fell more than 5% in early trading after Chief Executive Officer Jensen Huang admitted to an affair with a woman identified as a suspected Chinese spy, Bloomberg reported. Reuters noted the stock fell 4.5% premarket following the internal investigation into whether Huang had been targeted by a foreign intelligence effort.
Given Huang’s central role in Nvidia’s success and the wider AI investment narrative, even speculation about leadership uncertainty could unsettle investors,
said Daniela Hathorn, senior market analyst at Capital.com, as reported by Yahoo Finance.
Joachim Klement at Panmure Liberum added that while Nvidia’s upcoming earnings could spark a tech bounce, the current investigation has thrown a wrench into those prospects.
Nasdaq 100 Loses Value Amid Election and Jobs Data
Equities slid last week following the US midterm elections, with the Nasdaq 100 losing $2.3 trillion in value on Thursday alone amid concerns over data center buildouts and heavy hedge fund selling. Investors also weighed stronger-than-expected October jobs data against potential interest rate hikes.
The modest gains in Nasdaq futures compared with the stronger advance in Dow futures suggest that investors remain selective,
said Naeem Aslam, chief investment officer at Zaye Capital Markets, according to Yahoo Finance.
Earlier coverage: US Stock Futures Rise as Investors Await Inflation Data and AI Earnings
