Major U.S. stock indexes are poised to open higher on Monday as the market attempts to recover from last-week’s steep downturn.
Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq were each up 0.5% shortly before the opening bell. Stocks are coming off of two straight days of big losses that put the major indexes into negative territory for 2025. The Dow posted its worst weekly performance since October last week.
AI chipmaker Nvidia (NVDA), which is due to report quarterly results on Wednesday, was up nearly 2% in premarket trading after sliding more than 4% on Friday. EV maker Tesla (TSLA) was also up about 2% this morning after a big decline the previous session.
Among other mega-cap technology stocks, Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) gained ground, while Apple (AAPL) dropped 0.7% after the iPhone maker announced it expects to invest more than $500 billion in the U.S. over the next four years.
The earnings calendar is light on Monday but picks up significantly in the coming days, with quarterly reports scheduled to be released by Home Depot (HD), Lowe’s (LOW), Salesforce (CRM) and Dell Technologies (DELL), among other noteworthy releases.
Shares of Robinhood Markets (HOOD) were up 2% in premarket trading after the online trading platform said that the Securities and Exchange Commission had dropped an investigation into its crypto business.
Bitcoin, which has traded in a narrow range in recent weeks, was little-changed at around $95,500 this morning.
The yield on the 10-year Treasury, which is sensitive to expectations about where interest rates are headed, was at 4.45%, up from 4.42% at the close of trading Friday. The yield fell on Friday following the release of data on home sales and consumer confidence came in weaker than expected. Investors will be keeping close tabs on economic releases this week, most notably a key inflation indicators that’s slated for release Friday, as they look for information that could affect the Federal Reserve’s decision-making on interest rates.
Gold futures were up 0.6% at around $2,970 an ounce, at a new record high, while West Texas Intermediate crude oil futures were up slightly at $70.50 per barrel.