US stock futures surged on Monday as investors sought a rebound from last week’s sharp selloff due to growing fears over the economy. The Dow Jones Industrial Average dropped 2.51% for its worst weekly performance since October, with the S&P 500 and Nasdaq Composite falling 1.66% and 2.51%, respectively.
The downturn was triggered by Walmart’s disappointing earnings report and data showing weakening consumer sentiment amid inflation worries. Investors now focus on this week’s PCE price index report, a key gauge of inflation preferred by the Federal Reserve.
Major retailers Home Depot and Lowe’s will release their earnings reports, providing insight into US consumer spending. Nvidia is set to announce its earnings on Wednesday, marking its first since China’s DeepSeek emerged as a competitor in the artificial intelligence sector.
Source: https://www.tradingview.com/news/te_news:448880:0-us-futures-rise-after-last-week-s-selloff