Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, United States, Friday, November 6, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures were trading largely near the flat line late Monday as traders awaited a crucial consumer inflation report.
S&P 500 Futures Contracts were slightly higher, while futures linked to the Dow Jones Industrial Average were up just 18 points. Nasdaq-100 Futures Contracts added 0.2%.
In Asia, South Korea Kospi jumped 4.3% on Tuesday. Japan’s Nikkei 225 gained 2.89%, while Australia’s S&P/ASX 200 gained 1.27%. that of Hong Kong Hang Seng Index rose 0.42% and the continent’s CSI 300 added 0.26%.
During the usual trading day in the United States, the Dow Industries gained 1,104 points, or 2.2%, while the S&P500 jumped about 2.4%. The Nasdaq Composite rose 2.7%. Monday’s rally came after a rough week for markets, in which traders worried about a looming slowdown in data center construction after Democrats scored big victories in the midterm elections.
While the technology sector rebounded during regular trading on Monday, Nvidia did not participate in the rally.
Shares of the chipmaker fell 4% after Nvidia CEO Jensen Huang admitted Sunday to having an affair with a woman who U.S. intelligence officials say, according to the New York Times, is a spy for China’s Ministry of State Security. The company’s board also launched an independent internal investigation, highlighting recent reports that Huang “was the target of a foreign intelligence effort.”
Oil prices also fell on Monday, providing support to the market. US West Texas Intermediate futures fell more than 4%, while Brent crude futures slipped more than 5%.
Investors await October’s Consumer Price Index report, due Tuesday. Economists surveyed by Dow Jones forecast headline CPI growth of 0.3% and core CPI, which excludes volatile food and energy costs, up 0.2% from the previous month.
This would mark a deceleration from September’s figures, when headline CPI rose 0.6% and core CPI rose 0.3%.
“We believe the slowdown in core CPI will come from a return to housing prices, primarily owner-equivalent rents and out-of-home accommodation. Likewise, stabilizing diesel prices should help ease price pressures on energy-intensive goods,” wrote Christopher Hodge, chief U.S. economist at Natixis CIB Americas.
Annual figures will not be provided for Tuesday’s report due to the government shutdown in 2025. At that time, the Bureau of Labor Statistics was unable to collect some data, meaning there is no comparable figure for the index.
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