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Futures up: Dow 0.71%, S&P 500 0.52%, Nasdaq 0.42%

Feb 24 (Reuters) - U.S. stock index futures rose on

Monday, as risk-taking recovered following a sharp selloff on

Wall Street in the previous week, while investors awaited

pivotal results from chip giant Nvidia ( NVDA ) and a key inflation

report.

At 5:35 a.m. ET, Dow E-minis were up 309 points, or

0.71%, S&P 500 E-minis were up 31.5 points, or 0.52% and

Nasdaq 100 E-minis were up 90 points, or 0.42%.

The CBOE volatility index dipped 0.54 points to 17.68

after closing at its highest level since February 3.

Wall Street's major gauges registered weekly losses on

Friday, with the benchmark S&P 500 and a smallcaps index

also suffering their largest daily percentage losses in

2025.

A batch of weak economic data on the back of Walmart's ( WMT )

disappointing guidance sparked expectations among market

participants that the world's largest economy was stalling.

On Monday, heavy-weight megacaps led the rebound in

premarket trading, with Alphabet and Meta

adding about 0.5% each. Chip stocks such as Nvidia ( NVDA ) rose

0.7% and Micron gained 1%.

Semiconductor stocks will be in the spotlight this week,

with Nvidia's ( NVDA ) quarterly results expected on Wednesday.

The artificial intelligence bellwether's forecast is likely

to set the tone on Wall Street at a time when investors have

started noticing cheaper Chinese rivals and are beginning to

question the U.S. industry's dominance.

Nvidia ( NVDA ) options imply a 7.7% swing for its shares in either

direction following the results, in line with the stock's

average move of 7.6% on the day after results over the last 12

quarters, according to data from options analytics service

ORATS.

"Despite the emergence of large language models which are

cheaper to run, other signs, including huge infrastructure

investment plans from tech giants like Meta, indicate that

Nvidia's ( NVDA ) high-end chips will remain in demand," said Susannah

Streeter, head of money and markets at Hargreaves Lansdown.

On the data front, the Personal Consumption Expenditure

index - the Federal Reserve's preferred inflation gauge -

expected on Friday could help markets gauge the timing of the

central bank's first rate cut this year.

Interest rate futures indicate the Fed will leave borrowing

costs unchanged for the first half of the year, according to

data compiled by LSEG.

Following Friday's soft data, markets will also be keen on

the Conference Board's report on consumer sentiment and the

second estimate on quarterly gross domestic product, due later

in the week. Remarks from at least nine Fed policymakers will

also be parsed.

Among other movers, Berkshire Hathaway's ( BRK/A ) Class B shares

rose 1.4% after the Warren Buffett-owned conglomerate

reported a record annual profit over the weekend.

Nike ( NKE ) added 2% after Jefferies raised its rating on

the athletic apparel maker to "buy" from "hold", while Domino's

Pizza edged up 0.4% ahead of quarterly results.

Markets are also on edge for any tariff comments by U.S.

President Donald Trump, with his one-month reprieve on Mexican

and Canadian tariffs nearing its end.