US stock futures edged higher Monday night after President Donald Trump signed off on a deal allowing Nvidia (NVDA) to resume shipments of its H200 AI chips to China, in a week that also sees a highly anticipated meeting of the Fed over an expected interest rate-cut.
Dow Jones Industrial Average futures (YM=F) were little changed, while S&P 500 futures (ES=F) ticked up 0.1%. Nasdaq 100 futures (NQ=F) gained nearly 0.2%, after the indexes notched modest losses on Monday to break string of recent gains.
Nvidia (NVDA) shares rose over 2% in extended trading after Trump said on Truth Social that the company can sell H200 chips to “approved customers” in China and other regions, provided that 25% of the sales value is paid to the US government. Trump added that Chinese President Xi Jinping “responded positively” to the arrangement in a move that adds some security to Nvidia’s China business after months of trade-policy uncertainty.
Meanwhile, this week’s spotlight turns to the Federal Reserve’s final policy decision of the year, set for Wednesday. Traders overwhelmingly expect a quarter-point rate cut, similar to the September and October moves. Fed funds futures now imply an 89% probability of another reduction, up from about 67% a month ago, according to the CME FedWatch tool. But prospects for 2026 are less certain, with some observers expecting a “hawkish cut.”
Investors will also turn their attention to corporate earnings from Oracle (ORCL), Broadcom (AVGO), Costco (COST) and Lululemon (LULU), with megacap AI and retail trends in focus.
Coming soon
Stock market coverage for Tuesday, December 9. 2025.