economy
Stock futures mixed after S&P 500 posts three-week win streak: Live updates
The stock market remains near all-time highs.
TL;DR
- U.S. stock futures were mixed as the S&P 500 closed Friday lower after three consecutive weeks of gains.
- Asian markets opened mixed, with Japan's Nikkei flat and Hong Kong's Hang Seng advancing.
- Investors are awaiting retail earnings reports from major companies like Walmart, Home Depot, and Lowe's this week.
- Key economic data, including the Empire State manufacturing index and NAHB Housing Market Index, will be released.
- The Japanese yen is under scrutiny, with focus on the Bank of Japan's potential policy changes to strengthen the currency.
- Oil prices rose due to ongoing geopolitical risks, particularly the U.S.-Iran conflict.
- Japan's economy grew 1.1% in Q2, missing expectations, with exports boosted by a weak yen.
- Harvard Management Company disclosed a $2.2 billion stake in SpaceX, making it the largest holding.
- Nvidia is reportedly in talks to invest up to $3 billion in a SoftBank subsidiary for an OpenAI data center project.