U.S. stock futures were little changed on Monday evening, with Dow and other major index futures steady ahead of Tuesday’s open. The Dow Jones Industrial Average fell 36 points on Monday, while AI-linked chip stocks AMD and Nvidia bounced after three straight sessions of losses. Meta Platforms, Netflix, SpaceX and Tesla are also in focus as they are due to report results this week, giving investors fresh updates on major technology companies’ businesses and the state of the AI trade.
AMD and Nvidia snap three-day losing streaks
AMD rose 1.7% on Monday, ending a three-session decline. The stock had triggered a 7% sell rule, measured from an entry price of 584.73. Nvidia gained 1.4%, also breaking a three-day losing streak. Last week, the shares triggered a 7% sell rule after pulling back from a 234.76 chart-pattern buy point.
Both stocks remain below their 50-day moving averages, despite Monday’s gains. They may need more time to establish new buy points. For investors following AI-related shares, the rebound does not change the fact that both stocks are still below a key technical level. After Friday’s sharp declines, Monday’s gains marked a short-term recovery, not a confirmed reversal in trend.
Major companies set to report this week
Meta Platforms, Netflix, SpaceX and Tesla were among the stocks in focus on Monday, with all four scheduled to release results this week. Their reports will provide new information on company performance and could influence trading in the shares and the broader technology sector. No specific reporting dates, market expectations or results were provided, so the potential direction of any earnings-related reaction remains unclear.
Steel Dynamics falls nearly 7% after hours
Steel producer Steel Dynamics dropped nearly 7% in after-hours trading on Monday, making it another notable mover. No specific reason for the decline or details of the company’s results were available, leaving the move to be assessed alongside any further company information.
Monday’s session showed a mixed picture: major indexes edged lower, while some AI chip stocks recovered. AMD and Nvidia closed higher but remained below their 50-day moving averages. Results from several large companies this week will give the market fresh company-level data to assess.