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Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures are set to reopen at 6 p.m. Eastern on Sunday. Traders will react to a difficult week for US stocks. The Dow Jones Industrial Average rose about 1.1%, while the S&P 500 gained close to 1%. The Nasdaq composite rose roughly 0.8% after moving below key technical levels. The Russell 2000 lost less, helped by a strong Friday jump.
Stocks rebounded on Friday after New York Fed President John Williams suggested he supports a December rate cut. Reportedly, the White House may allow NVIDIA to ship H200 AI chips to China, which would add support. Buyers pushed indexes higher early, but sellers returned late in the session. Investors note that futures moves overnight often differ from the next regular trading day.
NVIDIA reported sales and profit growth of more than 60% from a year earlier. The company projected fourth-quarter revenue near $65 billion, above Wall Street targets. Chief executive Jensen Huang said customer demand remains ‘extraordinary.’ Chief financial officer Colette Kress said global AI infrastructure spending could reach $3 trillion to $4 trillion by 2030, with large technology firms spending about $400 billion this year.
Despite the numbers, NVIDIA stock fell on Friday and ended the week down about 6%, breaking below its 50-day line. Many growth stocks followed a similar path and lost support. Apple, RTX, and Medpace held tighter patterns than most peers. Eli Lilly extended a rally and became the first health care company to cross a $1 trillion market value. These moves kept medical and defensive growth groups near highs while tech lagged.
Bitcoin dropped more than 10% for the week and hit a seven-month low near $80,600 on Friday morning. The price later recovered to the mid-$80,000 area by the weekend. The decline reinforced a risk-off tone across markets. Some analysts said leveraged crypto selling may have amplified pressure on high-beta stocks.
ETF flows tracked the same shift. The Innovator IBD 50 ETF and major tech-software and semiconductor funds fell sharply and traded below key averages. Equal-weight S&P 500 and Nasdaq 100 ETFs also weakened.
Spot Bitcoin ETFs recorded nearly $1 billion in net outflows in one session and about $4 billion over the past month. With the 10-year Treasury yield down to about 4.06% and crude oil near $58 a barrel, investors now focus on capital preservation. They also prefer stocks that show relative strength. This setup calls for a follow-through day before investors add risk. Many traders keep cash high until trends improve.
Also Read: Where is Dogecoin’s Strongest Support Level Right Now?
