TLDR
- US stock futures were mixed Monday after all three major indexes fell last week.
- Nvidia’s board opened a probe into CEO Jensen Huang, and the stock fell about 4% premarket.
- CoreWeave, Applied Materials and Cisco report earnings this week.
- October CPI is due Tuesday, and PPI data follows on Friday.
- Markets price in nearly an 80% chance of a Fed rate increase in December.
US stock futures were mixed on Monday as investors looked ahead to a busy week of earnings and inflation data. Reports differed slightly on how far each index moved in early trading.
Dow Jones futures rose between 0.6% and 0.8%. S&P 500 futures gained between 0.3% and 0.4%.
Nasdaq 100 futures were close to flat. One report showed a 0.2% dip to 27,112.25 points, while Dow futures stood at 51,699 points and S&P 500 futures at 7,428 points.
All three major indexes posted losses last week. The Nasdaq Composite rose 1.1% on Friday, but the week still ended lower.
Nvidia Board Opens Probe Into CEO
Nvidia’s board launched an investigation into CEO Jensen Huang over the weekend. The probe follows news reports about his relationship with Alice Huang, a Chinese businesswoman.
You can't make this up:
At 6:00 PM ET, US stock market futures opened for the first time since Nvidia CEO Jensen Huang admitted to a "relationship" with a Chinese spy.
By 6:01 PM ET, S&P 500 futures had erased an implied -$300 billion in market cap.
Then, by 6:07 PM ET, all… pic.twitter.com/pWJHB3AALK
— The Kobeissi Letter (@KobeissiLetter) November 8, 2026
Several news outlets reported that the US believes Alice Huang was recruited to spy for China’s intelligence agency. The claim is an allegation.
In a memo to employees seen by the Financial Times, Jensen Huang wrote, “I was unfaithful to my wife. My actions hurt her and our children.” He added that there was no excuse and that he was deeply sorry.
Nvidia shares fell about 4% in premarket trading. Broader stock indexes appeared to shrug off the news.
In Asia, South Korea’s Kospi and Japan’s Nikkei both rose more than 1%. Hong Kong’s Hang Seng rose more modestly.
The Nasdaq fell 5.5% last Thursday into correction territory. Investors feared a Democratic sweep in the midterm elections would bring tougher antitrust scrutiny and tighter rules on data centers.
Earnings and Inflation Data on Deck
CoreWeave, a cloud computing provider tied to the AI build-out, reports on Tuesday. Applied Materials and Cisco Systems follow on Thursday.
Third-quarter earnings season is nearly over, with a few weeks left. On Monday, Hims and Hers, Rocket Lab and Monday.com are among the companies sharing results.
The economic calendar starts light, with wholesale trade data as the main report. October’s consumer price index arrives Tuesday, and producer price index data follows on Friday.
Last week’s October jobs report came in strong. The CME FedWatch tool shows markets pricing in nearly an 80% chance of a rate increase at the Fed’s December 8-9 meeting.
The Fed resumed raising rates in September, its first increase in three years. It is aiming to curb sticky price pressures.
