Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Add as a preferred source on Google
U.S. stock futures edged higher Thursday night after a sharp decline on Wall Street, driven by Nvidia’s steep losses despite strong earnings. Investors remain cautious ahead of the upcoming PCE inflation report.
S&P 500 Futures rose 0.2% to 5,888.75, Nasdaq 100 Futures climbed 0.4% to 20,678.25, and Dow Jones Futures inched up 0.1% to 43,331.0. Nvidia (NASDAQ: NVDA) plunged 8.5% to $120.15, despite beating earnings estimates, as concerns over narrowing margins and AI chip market challenges weighed on sentiment. Increased production costs tied to the Blackwell chip rollout fueled investor worries.
Tech stocks followed Nvidia’s downturn, dragging the Nasdaq Composite 2.8% lower to 18,544.52. The S&P 500 lost 1.6% to 5,861.70, while the Dow dipped 0.4%. Broadcom (NASDAQ: AVGO) slid 7.1%, and AMD (NASDAQ: AMD) fell 5%. Salesforce (NYSE: CRM) dropped over 4% after issuing a weak revenue forecast.
Economic data signaled a slowdown, with initial jobless claims rising amid layoffs and winter weather disruptions. The U.S. GDP grew at a slower 2.3% annual rate in Q4, down from 3.1% in Q3. Weak services PMI and consumer sentiment data strengthened expectations for 2025 rate cuts, though the Fed is likely to hold rates steady for now.
Investors now await the Fed’s preferred inflation gauge, the PCE price index, set for release Friday. Analysts forecast a 0.3% monthly increase and a 2.5% year-over-year rise, indicating a slowdown in inflation. However, persistent high costs in housing and healthcare continue to pressure consumers.
