US stock futures pushed higher before Monday's open, with Dow E-minis up 1.06%, S&P 500 E-minis up 0.66% and Nasdaq 100 E-minis up 0.42% as investors hunted for bargains after last week's AI-led selloff. Traders are positioning for Tuesday's consumer price index report, with wholesale inventories data and Federal Reserve speakers on Monday's calendar.
Homebuilders Lead Premarket Gains While Nvidia Slides
Premarket share price moves, %, Nov. 9, 2026
| Company | Move | Catalyst |
|---|---|---|
| NVR | +26% | Homebuilder rally after Democrats sweep midterms |
| Constellation Energy | +4% | Q3 profit beat, raised full-year outlook |
| KKR | +3.7% | Ahead of quarterly results |
| Advanced Micro Devices | +3.2% | Oppenheimer upgrade after strong Q3 |
| SAP | +3% | JPMorgan upgrade to overweight |
| Argenx | +2.2% | Deal to buy Unnatural Products |
| Eli Lilly | +2% | Canada reimbursement nod for Kisunla |
| Nvidia | -5% | Board probe into CEO's relationship with alleged Chinese spy |
| DraftKings | -1.7% | UBS downgrade on regulatory uncertainty |
Source: Investing.com, CNBC, Reuters
Nvidia probe shakes AI shares
Nvidia fell 5% in premarket trading after its board opened an investigation into whether chief executive Jensen Huang was targeted by a foreign intelligence operation. The probe follows reports that Alice Huang, a businesswoman he was close to, passed information to Beijing. Huang told staff about his marital infidelity. The chipmaker said it sees no indication that national security or any company secrets were compromised.
Advanced Micro Devices rose 3.2% after Oppenheimer upgraded AMD to outperform, with analyst Rick Schafer turning bullish after last week's strong third quarter and raising his revenue and earnings estimates.
SAP gained ~3% on a JPMorgan upgrade to overweight from neutral. The bank argues enterprise AI is shifting out of pilot projects and into large-scale deployment, which strengthens incumbent software platforms as companies tighten up on data, controls, and costs. SAP's in-house AI tools are also improving, and more workforce efficiencies could lift margins.
Homebuilders and earnings lift the tape
NVR surged more than 26% as homebuilders stretched their post-election rally following Democratic wins in both the Senate and House. UBS reckons a Democratic sweep raises the chance of lower tariffs on imported materials, which the bank says add about $7.5K per newly built home. A wider state and local tax deduction would also free up income and support housing demand in high-tax states.
Constellation Energy climbed more than 4% after adjusted third-quarter earnings of $5.06 blew past the $3.89 analysts had penciled in. Revenue reached $9.55B against a $9.35B estimate, and the nuclear operator lifted the midpoint of its full-year forecast for the second time in 2026.
Eli Lilly rose nearly 2% after Canada's drug agency recommended reimbursement for Kisunla, the company's treatment for early Alzheimer's disease, for eligible adults. The positive recommendation was reached on Friday.
Argenx gained 2.2% on a deal to acquire Unnatural Products, a California biotech focused on orally delivered macrocyclic peptides. The agreement is worth up to ~$1.15B, with $550M paid upfront from cash on hand and the rest tied to development and regulatory milestones.
DraftKings slipped 1.7% after UBS cut the sports-betting operator to neutral from buy, pointing to an unclear regulatory path for prediction markets. which the bank said makes the core business harder to value.
Berkshire Hathaway edged 0.4% lower after Saturday's third-quarter report showed operating earnings down 6% from a year earlier, though the conglomerate stepped up its share repurchases.
KKR added 3.7% ahead of its quarterly results, due Monday. Take-Two Interactive and Rocket Lab are also on Monday's earnings calendar, with Tuesday's inflation print the week's main data event.
