The futures are trading lower for the fourth consecutive day, following deep selling on Monday, particularly in some of the major technology names, such as NVIDIA Corp. (NASDAQ: NVDA), after it was disclosed that billionaire Peter Thiel had sold his entire position in the stock during the third quarter.

The week of November 17-21 is shaping up to be the most pivotal of the earnings season so far. Nvidia’s Q3 results will land on Wednesday, while Fed speakers flood the calendar with commentary on interest rates and inflation.

Big Tech and other superstars of the U.S. stock market rallied, and Wall Street recovered most of its loss from last week.

Elsewhere on the earnings front, Target ( TGT) was -2.6% after the retailer reported a decline in quarterly sales. Conversely, Lowe's ( LOW) was +5.5% after the home improvement retailer raised its annual sales guidance.

Big Tech and AI stocks surged as Wall Street rebounded, led by Nvidia and Palantir, while health insurers dragged on gains.

New York Federal Reserve president John Williams convened a meeting with Wall Street dealers this week over a key short-term lending facility, underscoring officials’ concerns about strains in US money markets.

Big Tech is rallying as Wall Street recovers much of its loss from last week. The S&P 500 climbed 1.2% Monday to claw back more two-thirds of its first weekly loss in the last four. The Dow Jones Industrial Average rose 183 points,