Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records

Stock futures were steady on Monday, with Wall Street aiming for more record highs, but traders are growing cautious about whether a President Trump and Russia’s Vladimir Putin summit will ease the war in Ukraine.

Dow Jones Industrial Average futures (YM=F) rose 0.2%, while futures tied to the S&P 500 (ES=F) and those on the tech-heavy Nasdaq (NQ=F) hovered above the flatline.

Wall Street is coming off a week that saw the Nasdaq Composite (^IXIC) notch two consecutive records at its end. The S&P 500 (^GSPC), meanwhile, just missed a record close on Friday.

Tech stocks overperformed as Apple (AAPL) posted its best week since 2020 on the heels of its White House spotlight with President Trump. Nvidia (NVDA) also closed Friday at a fresh record amid signals from Trump that Big Tech companies could avoid looming chip tariffs.

Read more: The latest on Trump’s tariffs

Trump claimed that his tariffs are having a “huge positive impact on the stock market,” though Wall Street is still navigating the twists and turns in his trade policy. His sweeping duties on dozens of trade partners went into effect last week. Now, investors are turning their attention to his previewed sectoral duties on semiconductor and pharmaceutical imports, as well as a looming Tuesday deadline to extend a tariff pause with China.

Wall Street will get another glimpse this week into how those tariffs are affecting price pressures in the US. The Consumer Price Index is set for release on Tuesday, followed by the Producer Price Index on Thursday and retail sales data on Friday. Inflation reaccelerated in June, and economists have warned that the tariffs will likely continue to seep into price data in the coming months.

Meanwhile, gold futures (GC=F) fell in New York on Monday as traders waited for clarification from the White House over its tariff policy, after a US government agency ruled that 100-ounce and one-kilogram bullion bars would be subject to tariffs.

Read more: Live coverage of earnings season

The inflation data will be closely watched by the Fed, which is in focus after Trump nominated ally Stephen Miran to a seat on the central bank’s board. Investors are pricing in around a 90% chance the Fed cuts rates in September, and a plurality have priced in the equivalent of three cuts by the end of the year.

LIVE 4 updates

  • Jenny McCall

    US gold futures fall as traders await clarification on tariffs

    US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs.

    Bloomberg News reports:

    Read more here.

  • Brian Sozzi

    Target still in the bear camp

    Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago.

    I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart.

    I don’t see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business.

  • Brian Sozzi

    Bitcoin at a fresh record

    Bitcoin looks to be breaking out of its recent trading range, hitting a fresh record this morning.

    There doesn’t appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled.

    “If you don’t stop buying Bitcoin, you won’t stop making Money,” Saylor wrote.

  • Brian Sozzi

    C3.ai crashing

    Shares of C3.ai (AI) are getting crushed pre-market to the tune of 30%.

    And the rout is 100% deserved.

    Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year.

    The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected.

    I don’t think there is anything to read into the AI trade here — this seems very company specific, and tied to a sales reorg the company under

Source link

Visited 1 times, 1 visit(s) today

Related Article

USD/MXN Analysis 11/08: Mid-Term Low Challenged (chart)

USD/MXN Analysis 11/08: Mid-Term Low Challenged (chart)

Created on August 11, 2025 The USD/MXN continues to show a tendency to trend downwards and is near the 18.59800 ratio as of this writing with fast changes in values, this after going into the weekend with its low for the week and within sight of important support levels. After the USD/MXN traversed higher in

11 August 2025
USD/JPY technical outlook

USD/JPY Outlook: Caution Builds as US CPI Report Looms

The USD/JPY outlook shows some indecision in the market ahead of the US CPI. Economists are forecasting a US headline figure of 2.8%. Trade tensions between China and the US might increase. The USD/JPY outlook shows some indecision in the market as traders look forward to crucial US inflation figures. Meanwhile, the uncertainty surrounding the

11 August 2025
AUD/USD technical forecast

AUD/USD Forecast: Traders Await RBA Meeting, US CPI

The AUD/USD forecast indicates caution at the start of the week. Economists believe RBA officials will cut rates by 25-bps. US headline inflation might accelerate from 2.7% to 2.8%. The AUD/USD forecast indicates caution at the start of the week as market participants gear up for the RBA meeting and crucial US inflation numbers. At

11 August 2025
NZD/USD Forecast: Struggles at 50-Day EMA (graph)

Struggles at 50-Day EMA (Video)

Created on August 11, 2025 The New Zealand dollar initially did try to rally during the trading session here on Friday, as we are testing the crucial 50 day EMA. The 50 day EMA of course attracts a lot of attention in and of itself. I think that might be causing some of this sell

11 August 2025
Containers are seen at the port in Qingdao, in China's eastern Shandong province on July 28, 2025.

Trump is calling Wall Street’s bluff on tariffs

Facebook Tweet Email Link New York  —  Wall Street traders embraced the term TACO — Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged, analysts said. Now Trump is calling the

11 August 2025
AUD/USD Forex Signal 11/08: Bearish Patterns (Chart)

AUD/USD Forex Signal 11/08: Bearish Patterns (Chart)

Created on August 11, 2025 Bearish view Sell the AUD/USD pair and set a take-profit at 0.6425. Add a stop-loss at 0.6650. Timeline: 1-2 days. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6650. Add a stop-loss at 0.6425. The AUD/USD exchange rate rose and retested a crucial resistance level as traders

11 August 2025
MultiBank revenues top $200 million in record 1H 2025

MultiBank revenues top $200 million in record 1H 2025

Dubai based Retail FX and CFDs broker MultiBank Group has released summary results for the first half of 2025, indicating that the company continued to build on a record 2024. After posting Revenues of $361 million in 2024, MultiBank said that it delivered a strong first half of 2025 with $209 million in revenue, up

11 August 2025