US stock futures faced an uphill battle on Monday ahead of a critical week marked by inflation data that will influence the Federal Reserve’s final interest-rate decision of the year. The Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 contracts all struggled to gain ground.
Nvidia shares plummeted after China launched an investigation into its practices, potentially threatening the company’s lead in AI chips. However, US-listed Chinese stocks surged as Beijing signaled a move towards loosening monetary policy for the first time in over a decade. Shares in Alibaba and XPeng rose as Hong Kong stocks jumped.
Markets appear to be brushing off geopolitical tensions, instead focusing on optimism about China’s economy. The recent fall of President Bashar al-Assad in Syria has had little impact, with gold prices rising modestly. Investors are now focused on the upcoming inflation report, which will set the stage for the Federal Reserve’s policy decision.
Source: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-struggle-for-gains-as-nvidia-slips-123841537.html