Stock futures slip after Dow posts back-to-back weekly declines: Live updates
The Dow last week fell 0.8%, marking its second consecutive weekly pullback.
TL;DR
- Stock futures declined slightly, continuing a downward trend from the previous week.
- Rising Treasury yields are a primary pressure point for global markets.
- Investors are awaiting U.S. personal consumption expenditures price index data and the Federal Reserve's annual symposium.
- Nvidia and Marvell Technology are set to report earnings this week, with Nvidia reportedly planning price hikes for certain chips.
- Gold prices rose, driven by U.S. dollar weakness and global concerns about government debt.
- Oil prices fell as markets awaited details on new U.S. sanctions against Iran.
- Treasury Secretary Scott Bessent announced plans for extensive sanctions against Iran.
- FTSE Russell's rebalancing is expected to cause significant flows in APAC and EM markets.
- Vietnam's stock market will be reclassified to a secondary emerging market status.
- SoftBank Group announced plans to issue 1 trillion yen in corporate bonds.
- Alibaba priced an $10.20 billion placement of newly issued shares to fund AI capabilities.
- Fast fashion retailer Shein is seeking to raise up to $1.77 billion in its IPO.
- Samsung SDI shares jumped after announcing the sale of a stake in Samsung Display.
- Asia-Pacific markets traded mixed, with some indices up and others down.