Stock futures were down Monday with tech stocks being sold off and ahead
of the Federal Reserve's Jackson Hole annual conference.
Investors are awaiting results from Nvidia on Wednesday, as the chip maker is a bellwether for AI capital expenditure and tech-sector valuations.
Swissquote said that strong results from Nvidia won't guarantee a positive reaction as shrinking cash flow at big tech names has fed concerns over the financing of artificial intelligence.
Meanwhile, gold prices hit a three-month high while oil and global government bonds fell. Treasury Secretary Scott Bessent plans to outline today how the U.S. plans to dial up economic pressure against Iran.
