Tech Ready for a Rebound as Nvidia, GameStop Rally: Markets Wrap

Big tech was primed for gains after a three-day slump as new artificial intelligence chips boosted Nvidia Corp. and Advanced Micro Devices Inc. GameStop Corp. doubledin a return of the meme-stock craze.

Nasdaq 100 Index futures added 0.6% in early US hours, signaling a recovery after last week’s 1.4% selloff, which was driven by investors pulling out of expensive tech leaders. S&P 500 contracts added 0.2%. Yields on 10-year Treasuries fell for a third day. The dollar strengthened.

Elections dominated the newsflow on Monday with results from Mexico and India swaying local markets. India’s Sensex jumped more than 3% ...