Gold Holds Near $4,400 as Fed Hike Bets Rise 
China Expands Influence in Global Gold Market 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
UK House Prices Fall for First Time Since 2023 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
China to Inject $45 Billion Into State Financial Institutions 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
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Wall Street futures ticked up slightly on Monday evening, offering a modest rebound after major U.S. indexes slid earlier in the day on rising caution surrounding Nvidia’s upcoming earnings and a highly anticipated U.S. labor market update. The move came as Federal Reserve Governor Christopher Waller signaled support for additional rate cuts aimed at stabilizing employment, though most traders still expect the Fed to maintain current rates in December.
S&P 500 futures gained 0.2% to 6,702.75, while Nasdaq 100 futures rose 0.2% to 24,924. Dow Jones futures added 0.1% to reach 46,724.
Major tech stocks weighed heavily on the broader market as investors trimmed exposure ahead of Nvidia’s quarterly report due Wednesday. Nvidia shares fell nearly 1.9%, extending a multiday decline as traders locked in profits from the company’s massive AI-driven rally over the last several years. Questions about the sustainability of its rapid growth have increased recently, adding to investor unease.
Other AI-focused and tech-related stocks also declined amid growing skepticism about the long-term returns from substantial industry investments. Palantir dropped 1.6%, pushing its five-day losses to nearly 10%. Alphabet was a rare standout, climbing 3.1% after Berkshire Hathaway revealed a $4.3 billion stake, and as markets anticipated the potential release of Google’s Gemini 3.0 AI model.
Despite Alphabet’s strength, losses across technology and cyclical sectors pushed all major U.S. indexes lower. The S&P 500 slipped 0.9%, the Nasdaq Composite fell 0.8%, and the Dow Jones Industrial Average dropped 1.2%.
Looking ahead, investors are awaiting earnings from major retailers including Walmart, Target, and Home Depot. Additionally, attention is focused on Thursday’s release of delayed September nonfarm payrolls data. While Waller argued for rate cuts to protect the labor market, market expectations for a December cut have weakened. CME FedWatch now shows a 40.8% probability of a 25 basis-point cut, down sharply from last week, with nearly a 60% chance the Fed will hold rates steady.
