US Futures Signal Gains After Nvidia-Led Slump: Markets Wrap.

Stock futures indicate cautious gains on Wall Street as Nvidia Corp. shares rise in premarket trading. The S&P 500 and Nasdaq futures are up 0.1% and 0.3% respectively, suggesting that the recent selloff of Nvidia shares may have been overdone. The retreat in technology shares is attributed to investor sentiment rather than fundamental changes. In Europe, stocks fell 0.4%, with Airbus SE and Merck KGaA experiencing significant declines. French markets are showing signs of calm ahead of the election. Microsoft Corp. faces a potential fine from the European Union for bundling its Teams video-conferencing app with other software. Bernard Arnault has taken a personal equity stake in Richemont, the parent company of Cartier. Airbus has lowered its guidance due to supply-chain issues, and Merck KGaA has discontinued the development of a promising medicine. Novo Nordisk's shares rose after China approved its weight management drug, Wegovy. Eurofins Scientific rejected allegations that caused its stock to plunge. Key events this week include US consumer confidence, new home sales, China industrial profits, Eurozone economic confidence, and US durable goods. In the market, S&P 500 futures rose 0.1%, Nasdaq 100 futures rose 0.3%, and Dow Jones Industrial Average futures fell 0.1%. The Stoxx Europe 600 fell 0.4%. The Bloomberg Dollar Spot Index rose 0.1%, [Extracted from the article]