Stock Futures Mixed as Market Looks to Recover From Last Week’s Slump
U.S. stock futures indicate a mixed open as markets attempt to rebound from last week’s sell-off. Dow futures are down 0.1%, while S&P 500 and Nasdaq futures are up 0.1% and 0.3%, respectively.
Nvidia shares fell 2.5% on reports of overheating issues with its new chips ahead of earnings, while Tesla rose 6% after news of potential federal self-driving vehicle regulations. Other major tech stocks saw modest gains, while Meta Platforms dipped slightly.
Treasury yields rose to 4.47%, reflecting expectations of slower Fed rate cuts, and Bitcoin traded around $89,500. Gold futures gained 1.5%, though it remains below recent highs due to a stronger dollar.
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