Wall Street drifts at the start of a week that could swing stocks and bonds
US stock futures edge lower, with investors cautious ahead of Nvidia earnings and an inflation report due later this week. The tech sector has been a drag on the S&P 500 and Nasdaq. Geopolitical tensions, including potential new Iran sanctions, add to market uncertainty. AI spending and its impact on the market are also in focus.
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- ✓ US futures edge lower with AI spending in focus
- ✓ Tech sector drags on S&P 500 and Nasdaq
- ✓ Investors await Nvidia earnings and inflation report due later this week
What changed
Investors are now focusing on Nvidia's earnings report and the upcoming inflation report, which could provide further direction for the markets.
Live updates
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Wall Street Drifts as Investors Await Nvidia Earnings, Inflation Report
US stock futures edge lower, with investors cautious ahead of Nvidia earnings and an inflation report due later this week. The tech sector has been a drag on the S&P 500 and Nasdaq. Geopolitical tensions, including potential new Iran sanctions, add to market uncertainty. AI spending and its impact on the market are also in focus.
Why it matters
This week is crucial for investors as they await key earnings reports and economic data that could significantly influence stock and bond markets. Nvidia's earnings report is particularly anticipated as it could provide insights into the AI sector's performance. The market is also monitoring developments in Iran amid fears of new US sanctions.
What is confirmed
- US futures edge lower with AI spending in focus
- Tech sector drags on S&P 500 and Nasdaq
- Investors await Nvidia earnings and inflation report due later this week
Still unconfirmed
- Iran's leaders may face pressure due to growing gas lines and potential US sanctions
What to watch next
- Nvidia earnings report
- US inflation report
- Potential new Iran sanctions
confidence 85%Sources used for this update (7)
- Bloomberg.com — US Futures Edge Lower With AI Spending in Focus: Markets Wrap
- AP News — US futures and oil prices slip with pressure on Treasurys ongoing
- Reuters — Tech drags S&P 500, Nasdaq lower as more Iran sanctions, Nvidia earnings loom
- CNBC — Stock futures are flat as investors await Nvidia earnings, inflation report due later this week: Live updates
- WSJ — AI Jitters and Geopolitical Threats Mark Start of Busy Week in Markets
- www.telegraphherald.com — Wall Street drifts at the start of a week that could swing stocks and bonds
- www.pressdemocrat.com — Iran’s gas lines are growing, but there’s no sign so far that its leaders will bow to US sanctions
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