US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
U.S. stock index futures steadied Monday evening after Wall Street saw losses, driven by a tech sell-off ahead of Nvidia’s earnings. Concerns over a slowing U.S. economy and looming trade tariffs under Donald Trump further pressured sentiment.
S&P 500 Futures held at 6,002.50 points, Nasdaq 100 Futures dipped 0.1% to 21,401.0, while Dow Jones Futures edged up 0.1% to 43,578.0.
Tech stocks were the biggest drag, with Nvidia (NASDAQ: NVDA) shedding another 3% as investors took profits after its massive rally. The AI chip leader is set to report earnings Wednesday, with markets closely watching whether demand for AI chips remains robust. However, recent concerns over capital investment in AI, especially following China’s DeepSeek launch, weighed on sentiment.
Microsoft (NASDAQ: MSFT) dropped 1% after TD Cowen reported the company had canceled several data center leases, signaling a potential slowdown in AI and cloud spending. Still, Microsoft and other major AI players plan to invest billions in AI infrastructure through 2025. Apple (NASDAQ: AAPL) also pledged $500 billion over four years to enhance its AI, engineering, and U.S. manufacturing capabilities.
On Monday, Wall Street extended losses amid weak consumer sentiment data and trade war fears. Trump reaffirmed plans to impose 25% tariffs on Mexico and Canada next week, fueling economic uncertainty. The S&P 500 fell 0.5% to 5,983.49, while the Nasdaq slid 1.2% to 19,286.93. The Dow Jones managed a slight gain, closing at 43,461.95.
With Nvidia’s earnings on the horizon and trade tensions escalating, investors remain cautious, awaiting key market signals.
