Live Updates: US Stock Futures Waver as Nvidia Faces Pressure, Inflation Data in Focus

Nvidia (NVDA) experienced a dip in premarket trading following news that China has opened an anti-monopoly investigation into the company. This probe has raised concerns over potential regulatory challenges that could impact Nvidia's business in the region.

Key Developments to Watch Today:

1. Economic Indicators: Investors are awaiting the final figures for October wholesale inventories and the New York Federal Reserve’s one-year inflation expectations report for November, both of which could provide crucial insights into the economic landscape and future market behavior.
2. Earnings Releases: A range of companies is set to report their financial results today, including Casey's (CASY), C3.ai (AI), MongoDB (MDB), Rent the Runway (RENT), Oracle (ORCL), Toll Brothers (TOL), and Vail Resorts (MTN). These earnings reports will offer a closer look at performance trends in sectors spanning from tech and real estate to retail and leisure.

U.S. stock markets had mixed results on Monday, with the Nasdaq pulling back after Nvidia (NVDA) shares fell. The decline came after reports that China is investigating the company for potential anti-monopoly violations, adding uncertainty to the already tense tech competition between the U.S. and China.

The Dow Jones Industrial Average (^DJI) began the day with a slight gain, while the S&P 500 (^GSPC) hovered around flat. The Nasdaq Composite (^IXIC), known for its tech-heavy listings, dropped by 0.2%, with Nvidia seeing a more than 2% decrease in its stock price following the news.

All eyes are now on the upcoming consumer inflation report, a key piece of data that could influence the Federal Reserve’s decisions at its next meeting on December 18.

Tesla’s (TSLA) stock rose by more than 2% on Monday, reaching a 52-week high of $404.80 per share. The electric vehicle giant has been on a winning streak, with its share price climbing over 50% since November 5.

Investors are optimistic about Tesla’s growth, with CEO Elon Musk’s ties to the Trump administration during that period seen as a contributing factor to the stock’s impressive rally. The company’s continued success highlights its strong position in the market and its appeal to investors.

U.S. stock markets declined on Monday, weighed down by losses in the chip sector. The Dow Jones Industrial Average (^DJI) slipped 0.2%, while both the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell 0.4%.

Nvidia (NVDA) dropped over 3% following news that China has launched an antitrust investigation into the company, raising concerns about its business operations in the region.

Advanced Micro Devices (AMD) also saw its shares decline after Bank of America downgraded the stock from Buy to Neutral. Analysts cited growing competition in the AI market, particularly against Nvidia’s specialized chips, as the reason for the downgrade.

Chinese stocks traded in the U.S. surged on Monday after Beijing committed to introducing stronger fiscal policies to aid the economy. The announcement comes as China braces for potential trade and tariff challenges tied to the Trump administration.

Shares of Alibaba (BABA, 9988.HK) and XPeng (XPEV, 9868.HK) rose sharply, echoing gains in Hong Kong’s stock market.

The government’s pledge for a proactive approach to economic growth drove investor optimism. The Nasdaq Golden Dragon China Index (^HXC), tracking U.S.-listed Chinese companies, surged over 9%, marking a strong response to the policy shift.

Comcast (CMCSA) stock fell as much as 7.5% on Monday following comments from Comcast Cable CEO Dave Watson, who revealed that the company expects to lose over 100,000 broadband subscribers in the fourth quarter.

This projection significantly exceeds Wall Street’s expectation of a decline of around 63,300 broadband users, as per Bloomberg’s consensus estimates.

The sharp midday drop marked Comcast's steepest intraday stock decline since April 25, reflecting investor concerns about the company’s ability to maintain its subscriber base.