Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Asian Stocks Mixed as Korean Chipmakers Rally 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Gold Prices Rise as Yen Rally Weakens Dollar 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
ECB Rate Hike in Focus as Oil Tops $100 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
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U.S. Stock Futures Rise Ahead of Tech Earnings and Fed Meeting
U.S. stock index futures saw modest gains during Sunday evening trading, as investors await a week of critical earnings reports from major tech companies. Following a positive Friday session, the market is approaching recent record highs, bolstered by optimism about the U.S. economy and strong earnings results.
However, the market's upward momentum appears to be cooling due to concerns about high stock valuations, upcoming Federal Reserve meetings, and uncertainty surrounding the 2024 U.S. presidential election.
Futures Performance
By 19:18 ET (23:18 GMT), S&P 500 Futures edged up 0.1% to 5,914.50 points, Nasdaq 100 Futures climbed 0.2% to 20,519.75 points, and Dow Jones Futures rose 0.1% to 43,565.0 points.
Focus on Tech Earnings
This week, several major tech companies will report earnings, with Tesla Inc. taking center stage. Investors closely watched Tesla after its recent underwhelming robotaxi reveal and missed third-quarter delivery expectations.
Key semiconductor companies like Texas Instruments, Western Digital, and Lam Research are also set to report, following mixed results from ASML and TSMC.
Beyond tech, earnings from defense giants such as Lockheed Martin and Northrop Grumman are anticipated, alongside reports from telecom majors T-Mobile and Verizon.
Wall Street Momentum
Last week’s strong performance in the tech and banking sectors pushed Wall Street toward record highs. The S&P 500 rose 0.4%, while the Nasdaq Composite climbed 0.6%. With more earnings on the horizon, market volatility is expected as investors focus on both earnings and interest rate expectations.
