US stock futures rise after Wall St rout; Nvidia earnings awaited

Investing.com-- U.S. stock index futures rose on Sunday evening as Wall Street attempted to recover from severe losses in recent sessions, with focus now turning to upcoming earnings from artificial intelligence darling Nvidia.

Weak purchasing mangers index data and soft consumer sentiment readings ramped up concerns over a cooling economy, battering Wall Street on Friday. This was exacerbated by persistent uncertainty over U.S. policies under President Donald Trump, who kept up his threats of trade tariffs. 

Nvidia also clocked steep losses amid growing doubts over the AI trade, especially after the release of China’s DeepSeek last month. Nvidia’s earnings, which are due on Wednesday, are set to offer more cues on the company. 

S&P 500 Futures rose 0.4% to 6,050.25 points, while Nasdaq 100 Futures rose 0.4% to 21,758.50 points by 19:01 ET (00:01 GMT). Dow Jones Futures rose 0.3% to 43,610.0 points. 

Wall St battered by economic woes, Trump uncertainty

Wall Street indexes clocked steep losses on Friday, especially as softer-than-expected services PMI data, as well as weak consumer sentiment readings, ramped up concerns over a cooling U.S. economy. 

While softer growth does give the Federal Reserve more impetus to cut interest rates, it also points to a potentially weaker business environment that could hamper company earnings.

Uncertainty over the economy was furthered by Trump threatening to impose 25% tariffs on automobiles, pharmaceuticals, semiconductors and lumber imports by as soon as April.

Trump also kept up his threats of reciprocal tariffs against major U.S. trading partners.

The storm of negative factors and uncertainty led investors to pull out heavily from U.S. stocks, with some profit-taking also in play after the S&P 500 hit a series of record highs earlier in February. 

The S&P 500 slid 1.7% on Friday to 6,013.13 points. The NASDAQ Composite sank 2.2% to 19,524.01 points, while the Dow Jones Industrial Average slid 1.7% to 43,428.02 points. 

Nvidia earnings awaited for AI cues 

NVIDIA Corporation (NASDAQ:NVDA) shares slid 4.1% on Friday, amid growing uncertainty before the chipmaker’s earnings this week.

Focus will be squarely on whether the company was able to clock strong earnings and present an upbeat guidance, especially after the release of China’s DeepSeek sparked doubts over the AI trade.

DeepSeek sparked some speculation that companies will adopt leaner and more efficient AI models, diminishing the need for the expensive AI infrastructure sold by Nvidia. 

Comments from the company on DeepSeek will also be closely watched.