Dow Jones Today: Stock Futures Mixed as Market Looks to Recover From Last Week's Slump

Futures are pointing to a mixed open for major U.S. indexes on Monday as the stock market looks to rebound from a sharp sell-off at the end of last week. 

Futures tied to the Dow Jones Industrial Average were down 0.2%, while S&P 500 futures were up fractionally and Nasdaq 100 futures rose 0.2%. Stocks are coming off their worst weekly performance since September, with the S&P 500 and Nasdaq Composite losing 1.3% and 2.2%, respectively, as the post-election rally that had boosted stocks to record highs lost steam.

Shares of AI investor favorite Nvidia (NVDA), which will release its highly anticipated earnings report on Wednesday, were down 3% in premarket trading following reports that the company’s new Blackwell chips have faced overheating issues.

Shares of Tesla (TSLA) were up 6% this morning on a report that President-elect Donald Trump’s transition team is planning a federal framework for fully self-driving vehicles, as investors bet on easier rules for the company’s robotaxi.

Other mega-cap tech stocks were mostly higher, with Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Amazon (AMZN) rising, while shares of Meta Platforms (META) were down slightly.

Among other noteworthy movers, Super Micro Computer (SMCI) shares were up nearly 12%, following reports that the beleaguered server maker is expected to submit a plan today for its delayed annual report that could help the server maker avoid a Nasdaq delisting.

The yield on 10-year Treasurys, which is sensitive to expectations around interest rates, was at 4.48%, trading at its highest levels since early July. The yield has risen in recent weeks as investors have adjusted their expectations on how aggressive the Federal Reserve will be as it cuts interest rates. Last week, Fed Chair Jerome Powell said that the central bank isn’t in a hurry to cut rates as inflation is on a bumpy path toward the Fed’s target.

Bitcoin was trading at around $90,000, after rising above $92,000 overnight. The cryptocurrency hit record highs above $93,000 last week amid investor optimism that the Trump administration and a crypto-friendly Congress will implement measures that benefit the asset class.

Gold futures were up about 1% to $2,600 an ounce this morning. The precious metal, which hit record highs above $2,800 earlier this month, has lost ground as the U.S. dollar has strengthened since the presidential election.