Nvidia Slides, Futures Waver Amid Huang Probe

U.S. stock futures were mixed Monday as Nvidia shares fell sharply amid a board investigation into CEO Jensen Huang’s relationship with a woman suspected of ties to Chinese intelligence. Nvidia’s board said it had no reason to believe company secrets or national security were compromised and expressed confidence in Huang. The pressure on chip stocks offset support from falling oil prices, which extended a steep decline as President Trump said further strikes on Iran were unlikely if negotiations progress. Treasury yields were little changed to modestly lower, while markets in Asia and Europe mostly rebounded after last week’s selloff. Investors were also watching for U.S. inflation data due Tuesday for clues about the Federal Reserve’s rate outlook.