U.S. stock futures were slightly up on Monday evening after a weak trading session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.28%, 0.16%, and 0.21%, respectively, at 6:15 p.m. EST on November 17.
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U.S. stocks started the week on a negative note, with major indices closing sharply lower. The Nasdaq, the S&P 500, and the Dow dropped 0.8%, 0.9%, and 1.2%, respectively. Nvidia (NVDA) stock slid nearly 2% ahead of its Q3 earnings report due Wednesday, as investors grow cautious about the AI rally’s sustainability.
Beyond Nvidia, investors are watching for key economic updates this week, including the Fed’s October meeting minutes and the delayed September jobs report, both expected midweek. These could influence expectations for future interest rate cuts.
Earnings from major retailers such as Walmart (WMT), Home Depot (HD), and Target (TGT) are also under close watch. These results will provide some insight into consumer spending as the holiday season approaches.
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