December Nasdaq 100 E-Mini futures are up +0.44% this morning, signaling a rebound from losses, with Nvidia’s earnings report ahead. Wall Street ended in the red yesterday, with Home Depot, chip stocks, and Amazon falling, while Medtronic Plc climbed. Economic data showed U.S. factory orders rose +1.4% m/m in August, while ADP Research reported U.S. companies shed an average of 2,500 jobs per week. Richmond Fed President Barkin offered an upbeat inflation outlook. U.S. rate futures indicate a 46.6% chance of a rate cut in December. Investors eagerly await Nvidia’s earnings report. Retailers and cybersecurity firms are also set to report today. The Fed’s minutes from the October meeting will be published. Eurozone’s inflation rate eased in October. In Asian markets, China’s Shanghai Composite closed up, while Japan’s Nikkei 225 closed down. Chip stocks are moving higher in pre-market trading. DoorDash rose after an upgrade. La-Z-Boy advanced after posting better-than-expected results.

Read more at Barchart: Nasdaq Futures Gain With All Eyes on Nvidia Earnings