Stock Market Summary

U.S. stock futures are rising ahead of the last full week of trading for the year, showing a positive outlook despite recent market fluctuations. On Friday, stocks experienced a decline, primarily driven by a sharp drop in the tech sector as investors continue to rotate out of AI stocks.

Notably, Nvidia responded to a report claiming that Chinese AI startup DeepSeek is using banned Nvidia chips, describing the allegations as 'far-fetched.' Meanwhile, American Express reported an increase in consumer spending despite inflation concerns, outperforming competitors like Mastercard and Visa.

In Asia, stocks are trading lower, influenced by weak global trends and ongoing foreign fund outflows, as seen in India's Sensex and Nifty indices, which have both declined amidst uncertainty over the India-U.S. trade deal.