Stock Market Today: Dow, S&P 500 Futures Rise Despite Nvidia Sell-Off Over Jensen Huang Controversy

U.S. stock futures rose on Monday as the Dow Jones and S&P 500 indices advanced after the Dow and S&P 500 closed mixed on Friday to wrap up a volatile week for big tech. NVIDIA's board on Sunday announced that it is launching an investigation into co-founder and CEO Jensen Huang over his relationship with an alleged Chinese spy. Yorkville Ives partner Dan Ives termed the affair a black-eye moment for NVIDIA. While warning that the issue could create fresh uncertainty for the chipmaker and its investors. Meanwhile, the 10-year Treasury bond yielded 4.864%, and the two-year bond was at 4.53%. The CME Group's FedWatch Tools projections show markets pricing an 80.5% likelihood of the Federal Reserve hiking the current interest rates during its December meeting. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF were higher in pre-market on Monday. The SPY was up 0.31% at $733.67, while the QQQ advanced by 0.03% to $656.32. Stocks in focus for today are NVIDIA shares fell more than 5% during the pre-market session. Amid concerns over Huang's relationship with what the U.S. intelligence alleges is a Chinese spy, Occidental Petroleum shares were up more than 1% pre-market, ahead of the company's latest quarterly results set to be reported after the closing bell. Benzinga Pro data shows that Occidental is expected to report earnings of $1.46 per share on revenue of $6.79 billion. Constellation Energy is expected to report earnings of $3.85 per share on revenue of $9.37 billion before the opening bell, according to data from Benzinga Pro. Constellation shares were up 0.58% in Monday's pre-market trade. Lucid Group shares were down 1.2% pre-market. The company is expected to report revenue of $382.57 million and a loss of $2.32 per share after the closing bell, according to Benzinga Pro. AST SpaceMobile is expected to report revenue of $45.69 million and a loss of $0.44 per share after the closing bell, according to Benzinga Pro. AST SpaceMobile shares were up 0.4% pre-market. Thank you for watching, and make sure to subscribe.