Dow futures rally 500 points as oil drops and traders await inflation data and AI earnings

What happened: Dow futures rallied 500 points as oil prices dropped and traders awaited inflation data and AI earnings. S&P 500 futures rose 0.7% and Nasdaq 100 futures gained 0.4%, while Nvidia stock fell about 5% in premarket trading. Key numbers: Dow futures up 500 points; S&P 500 futures up 0.7%; Nasdaq 100 futures up 0.4%; Nvidia down about 5% premarket. Why it matters: The moves come as traders position ahead of inflation data and AI earnings, with Nvidia's premarket decline standing out against broader futures gains.

Dow futures rallied 500 points as oil prices dropped and traders awaited inflation data and AI earnings. S&P 500 futures rose 0.7% and Nasdaq 100 futures gained 0.4%, while Nvidia stock fell about 5% in premarket trading.

The moves come as traders position ahead of inflation data and AI earnings, with Nvidia's premarket decline standing out against broader futures gains.