TLDR
US stock futures rose Monday after a losing week for all three major indexes.
Nvidia shares fell about 6% premarket as its board opened a probe into CEO Jensen Huang.
Traders later decided the probe would not disrupt near-term operations.
CME’s FedWatch tool shows a nearly 80% chance of a December rate hike.
October CPI data is the key report of the week.
US stock futures rose on Monday as traders looked ahead to a busy week of inflation data and earnings. The week starts with light economic data, led by wholesale trade figures.
Dow Jones Industrial Average futures gained about 0.9% early, while S&P 500 futures rose 0.5%. Nasdaq-100 futures were up 0.6%, and Dow futures later climbed as much as 1.3%.
E-Mini S&P 500 Dec 26 (ES=F)
All three major indexes closed lower last week after a sell-off on Thursday. Traders also dealt with swings in stocks, bonds and oil after the US midterm elections.
Nvidia Faces a Board Investigation
Nvidia shares fell about 6% in premarket trading. The chipmaker’s board is opening an investigation into CEO Jensen Huang.
BREAKING: Nvidia, $NVDA , CEO Jensen Huang sends a company-wide email regarding his recently reported relationship with a Chinese spy. pic.twitter.com/NTdoSgaxoy
— The Kobeissi Letter (@KobeissiLetter) November 8, 2026
Several news outlets reported that the US believes Huang had a relationship with Alice Huang, a Chinese businesswoman. She is alleged to have been recruited to spy for China’s intelligence agency.
In a memo to employees obtained by the Financial Times, Huang admitted to marital infidelity. He wrote, “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did.”
Nvidia has a heavy weighting in the Nasdaq 100, so the news first pressed on the index. Traders later concluded the inquiry would not disrupt near-term operations. Some also pointed to lingering concerns over data center regulation after the midterms.
That view led to dip-buying, which lifted Nasdaq futures. Broader indexes appeared to shrug off the news as they recover from the Thursday sell-off.
In Asia, South Korea’s Kospi and Japan’s Nikkei each rose more than 1%. Hong Kong’s Hang Seng rose by a smaller amount.
Rate Hike Odds and Inflation Data Take Focus
CME’s FedWatch tool now shows a nearly 80% chance that the Federal Reserve will raise rates by 25 basis points in December. That is up sharply from last week, when jobs data came in strong.
The October consumer price index report is the key test of the week. A higher-than-expected reading in core prices could strengthen those odds.
The producer price index report arrives on Friday and could confirm the inflation trend. Wholesale trade data is the main report on Monday.
Treasury yields were firm, which supported gains in financial and industrial shares. Crude oil dropped on talk of de-escalation in the Middle East, and the S&P 500 climbed about 0.7% at one point.
Earnings from Occidental Petroleum and Petrobras will show how lower oil prices affect drilling margins. Results from CoreWeave and Applied Materials will test demand for AI chips, and delays in approving and building data centers are also in focus.
The biggest wave of third-quarter earnings is done, with a few weeks left in the reporting season. Hims and Hers, Rocket Lab and Monday.com report on Monday.
By Monday morning, Dow futures were up 1.32%, S&P 500 futures were up 0.95% and Nasdaq-100 futures were up 1%.
The post Stock Market Today: Futures Rise Before October CPI Report and a Busy Earnings Week appeared first on Blockonomi .
