economy
Stock futures fall after record-setting week for Wall Street; traders await Nvidia and retail earnings: Live updates
Nvidia is set to report earnings Wednesday along with Target, while Walmart is due to post results Thursday.
TL;DR
- Dow Jones, S&P 500, and Nasdaq-100 futures slipped in early trading.
- Crude oil prices rose with West Texas Intermediate and Brent futures advancing.
- Nvidia, Target, and Walmart are set to release earnings reports this week.
- Global sovereign bond yields have risen, with U.S. 30-year Treasury and UK 30-year Gilt yields hitting multi-year highs.
- Geopolitical tensions between Iran and the U.S. remain high, contributing to market uncertainty.
- Tech stocks experienced a downturn on Friday following the rise in yields.
- New inflation data suggests the Federal Reserve is unlikely to cut rates soon.
- Asia-Pacific markets fell due to renewed geopolitical concerns and rising bond yields.
- Cross-asset volatility is increasing as long-end Treasury yields climb globally.