South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
U.S. stock futures were steady Monday evening after the S&P 500 and Nasdaq closed at record highs, driven by optimism over a potential Federal Reserve interest rate cut and progress in U.S.-China trade talks.
As of 20:14 ET (00:14 GMT), S&P 500 Futures held near 6,676.50, Nasdaq 100 Futures traded flat at 24,543.0, and Dow Jones Futures dipped 0.1% to 46,240.0. Earlier in the session, the S&P 500 climbed 0.5% to a record 6,619.62, while the Nasdaq Composite rose nearly 1% to 22,352.25. The Dow added 0.1%.
Markets widely expect the Federal Open Market Committee to cut rates by 25 basis points at its September 16–17 meeting. Investors are closely watching whether the Fed signals this as the start of a broader easing cycle.
Sentiment also improved after President Donald Trump said a “big Trade Meeting in Europe” went “VERY WELL,” noting a deal had been reached to secure TikTok’s U.S. ownership. Treasury Secretary Scott Bessent confirmed a framework was in place, with Trump and Chinese President Xi Jinping expected to finalize details during a Friday call.
In corporate news, Tesla shares gained 3.6% after Elon Musk disclosed nearly $1 billion in stock purchases. Alphabet surged 4%, surpassing a $3 trillion market valuation for the first time, boosting the tech sector. Meanwhile, Nvidia closed flat as China’s regulator said it would continue an anti-monopoly probe after preliminary findings of violations.
The combination of expected Fed easing, progress in trade negotiations, and major corporate moves fueled investor confidence, keeping Wall Street on track for further momentum despite global uncertainties.
