Tesla’s 8% surge lifts Nasdaq futures, while Nvidia faces chip issues. Traders watch Fed signals and key earnings for market direction.

The Nasdaq and S&P 500 rebounded on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.

The Dow Jones dropped Monday, as Wall Street braced for Wednesday's earnings report from Nvidia. Tesla stock surged on Trump news.

Nvidia’s earnings will take centre stage for the US stock market this week, while FTSE 100 firms Imperial Brands, Severn Trent and Halma report across the pond. The chipmaking behemoth has seen its share price gain nearly 800 per cent over the last two years as booming demand for AI has driven it to become