US stock futures advanced on Monday as Wall Street looked to recover from a volatile week, with traders boosting bets on a Federal Reserve rate cut and growing more optimistic about Nvidia’s potential export sales to China. Dow futures rose 0.3%, S&P 500 futures added 0.4% and Nasdaq 100 futures climbed 0.6%. New York Fed President John Williams said Friday that a near-term rate cut remains possible as labor market weakness poses a greater risk than elevated inflation. Markets now price in about a 69% chance of a 25 basis point rate reduction in December, up from 44% a week earlier. Meanwhile, reports indicated that US officials have begun early discussions on whether to allow Nvidia to sell its H200 artificial intelligence chips to China. Nvidia CEO Jensen Huang has been lobbying the Trump administration for relief from export controls that have enabled competitors to gain ground in Chinese markets.
