Tesla stock was on fire in early action, soaring 9% in premarket trade and helping to lift the Nasdaq 100. The stock did drop 8% over the last five days, though it's up 47% over the last month.

Wall Street’s major averages look to open Monday’s trading session in a mixed fashion after investors watched the broader markets close lower after the the latest rally fueled by the presidential election faded.

U.S. stock futures wavered early Monday as the market looked to rebound after its worst week in more than two months. After a busy few weeks, investors have another major event to digest in the coming days–Nvidia earnings.

Sunday’s move follows a tough week for the three major benchmarks, which are now off their highs that were seen in the aftermath of Trump’s victory.

The chip maker’s earnings day has become a major event on Wall Street, drawing comparisons with Fed meetings and key economic reports for their influence over the broader market.