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US Stocks Start New Trading Week On Negative Note Amid Lack Of Clarity On Rate Outlook — China Stocks Rip Higher; Apple, Tesla In Spotlight

The index futures are pointing to a moderately lower opening by Wall Street stocks on Monday after the averages closed Friday’s session narrowly mixed in reaction to the November non-farm payrolls report.

AAPL

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Alibaba, Nio Soar Over 7%: Powell’s Speech Fires Up Hang Seng After Strong Wall Street Close

Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell’s speech that indicated the central bank may slow the pace of rate hikes as soon as December. EV stocks surged, with Xpeng shares rising over 21%, playing catch-up with its U.S.

BABA

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Nasdaq, S&P Futures Rise As Traders Eye Powell’s Speech For Interest Rate Cues — Tesla Gains, Energy And China Stocks In Focus

Trading in the index futures suggests that stocks may open mostly higher on Wednesday, with the Nasdaq Composite and the S&P 500 Index potentially snapping a three-session losing streak.

BABA