Tech Ready for a Rebound as Nvidia and Gamestop Rally – Europe Market Wrap

After a three-day drop, big tech seemed poised to rebound as new artificial intelligence processors lifted Nvidia and Advanced Micro Devices. GameStop doubled in response to the meme-stock mania.

Nasdaq 100 Index futures rose 0.4% in early US trading, signalling a rebound after last week’s 1.4% drop, which was fueled by investors bailing out of costly tech leaders. S&P 500 contracts rose 0.2%. 10-year Treasury yields declined for the third consecutive day. The dollar strengthened.

Elections dominated the news on Monday, with results from Mexico and India influencing local markets.

Meanwhile, GameStop returned to the spotlight after renowned Redditor Keith Gill revealed what seemed to be a $116 million stake in the stock. This was the account’s first post in three years. The screenshot, which also showed 120,000 call choices, could not be validated. AMC rose about 30%.