S&P 500 Futures Slip as Early Rally Fades Ahead of Nvidia Results
U.S. stock futures turned lower on Monday, with the S&P 500 down about 0.2% after an early pop faded. Investors weighed tech optimism against rising caution ahead of a pivotal earnings week.
Alphabet shares gained after Berkshire Hathaway disclosed a new stake, boosting the stock roughly 3.3% on Friday and fueling sentiment around big tech and artificial intelligence amid chatter of a potential “Gemini 3” update later this month. That strength wasn’t enough to offset broader market hesitation, however, as traders focused on Nvidia’s results due Wednesday—a key test for the AI-driven rally and semiconductor demand.
Friday’s session highlighted the recent volatility: U.S. equities sold off sharply before recovering to finish near flat. Pre-market trading initially pointed to a higher open on Monday, with futures up by around 40 points, but momentum faded during European hours and selling pressure returned. With earnings in focus and AI headlines swirling, Wall Street appears set for a cautious start to the week.
Key Points – S&P 500 futures down roughly 0.2% after early gains reversed – Alphabet rose about 3.3% after Berkshire Hathaway disclosed a new stake – Market sentiment tempered by anticipation of Nvidia’s earnings on Wednesday – Friday’s U.S. stock session whipsawed before closing flat – Early pre-market strength faded during European trading hours – AI-driven tech optimism meets broader risk caution across Wall Street
