US Stock Futures Rally as Nvidia CEO Faces Investigation (9 Nov)
- Dow E-minis rose 534 points as investors engaged in bargain hunting.
- Nvidia CEO Jensen Huang is reportedly under investigation regarding alleged links to a Chinese spy.
- Markets remain wary of a potential December rate hike following strong October jobs data.
- Citigroup downgraded US equities to neutral, citing concerns over AI stock positioning.
- The US Labor Department is scheduled to release the October Consumer Price Index on Tuesday.
U.S. stock index futures rallied on Monday morning as investors engaged in "bargain hunting" to recover from weekend volatility that saw Nasdaq futures drop by as much as 150 points. The morning recovery follows a period of market uncertainty that initially pushed Nasdaq futures lower on Sunday evening.
ET on Monday, Dow E-minis rose 376 points, or 0.73%.
Economictimes.indiatimes.com reported that Dow futures rose 545 points, or 1.06%, with S&P 500 futures gaining 0.66% and Nasdaq 100 futures increasing 0.42% on Monday.
Sunday evening trading showed mixed results, with Nasdaq futures weak and S&P 500 futures trading just below the flat line. Dow Jones futures rose 150 points in early Sunday trading.
Asian markets mostly fell on Monday. Taiwan’s Taiex index surged over 3% in early Monday trading. The Nifty 50 faces resistance in the 25,150–25,200 band and support at 24,800, with its RSI in the mid-70s indicating overbought conditions.
Nvidia trades under the ticker NVDA on the Nasdaq exchange.
Nvidia CEO Jensen Huang under investigation over alleged spy links
Jensen Huang, Nvidia's co-founder and CEO, is reportedly under investigation over alleged links with a Chinese spy. Nvidia, founded in 1993, is headquartered in Santa Clara, California. The company operates in the computer hardware manufacturing industry. It maintains a LinkedIn page with 6,301,389 followers.
Nvidia stock traded at $172.38 on November 9, 2026, down $9.22 from the previous close of $181.60. The stock reached a high of $173.43 and a low of $170.24, with a volume of 64,436,386 shares.
Senior market analyst Nadia El Bilassy said the headline was "the cherry on top for investors looking to pull out of AI-linked stocks". She added that focus on the company may subside later in the week when investors discuss inflation data.
In pre-market trading, Intel shares rose 0.1%, Marvell Technology gained 0.4%, and Qualcomm shares fell 0.2%.
Markets weigh December rate hike fears after strong jobs data
Investors remain concerned about a potential December rate hike. This anxiety follows stronger-than-expected jobs data for October.
Democrats' midterm election victory impacts market sentiment
Investors lingered after the Democrats' midterm triumph the previous week. The Dow Jones Industrial Average fell more than 2,000 points on Thursday and Friday after election results gave Democrats control of both the House and the Senate.
Citigroup downgrades US equities amid AI spending concerns
Citigroup strategists downgraded U.S. equities to neutral from overweight. They cited a desire for cleaner positioning and steadier sentiment around artificial intelligence stocks after a sharp sell-off driven by concerns over soaring AI spending and tighter regulation.
Meanwhile, hyperscalers including Microsoft, Alphabet, Meta and Amazon rose between 2% and 3%.
Earnings reports from KKR and Constellation Energy show mixed results
Investment firm KKR and energy company Constellation Energy are scheduled to release earnings reports on Monday. KKR stock rose 3.7% ahead of the report, while Constellation Energy stock remained unchanged.
KKR shares previously rose 0.9% after the firm reported a record high quarterly profit. Constellation Energy shares rose 1.7% after the company reported an adjusted third-quarter profit that surpassed expectations.
Indian markets were expected to open higher after the Sensex and Nifty closed lower in Sunday’s special Muhurat session. The Sensex fell 28.62 points, or 0.04%, to end at 80,999. The Nifty 50 dropped 44 points to close at 24,986.
This decline ended a six-session winning streak for both indices. The previous week, the Sensex rallied 6,569 points and the Nifty rose nearly 9%.
The session marked the first red close in nine years for the Muhurat session. The last time a Muhurat trading session ended in the red was in 2017, when the Sensex fell 0.6%. The indices have finished lower in only two of the past 10 special Muhurat sessions.
Brent crude futures fall as President Trump downplays Iran strikes
Brent crude futures fell 3.3%. This decline followed comments from President Donald Trump, who downplayed the chance of renewed strikes on Iran.
Frequently Asked Questions
- Wall St futures rise after rough week, but Nvidia unsettles investors | MarketScreener (marketscreener.com)
- Stock market outlook today, 9 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues | Stock Market News (livemint.com)
- Nvidia (tavily.com)
- Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks futures rally on bargain hunting; Nvidia concerns cloud outlook (economictimes.indiatimes.com)
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