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Happy Monday. Stock futures were falling as investors weighed new U.S. economic sanctions against Iran, failed U.S.-Canada trade talks and reciprocal tariff threats, along with earnings from chipmaking giant Nvidia (NVDA) and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming.
Treasury Secretary Scott Bessent is expected to reveal details of the administration’s sanctions plans against Iran later today after President Donald Trump threatened the country with “economic D-Day.”
The Federal Reserve will hold its annual symposium beginning Thursday, with Chairman Kevin Warsh expected to deliver a speech on Friday.
“Warsh is scheduled to deliver keynote remarks on Friday, and markets will be looking for greater clarity on both his assessment of inflation and the broader ‘regime change’ he has advocated at the Fed,” said Daniela Hathorn, senior market analyst at Capital.com.
“He has been reluctant to provide conventional forward guidance, meaning the speech may focus more heavily on the Fed’s reaction function and longer-term philosophy than explicitly signaling what policymakers will do in September.”
In addition to Nvidia, Intuit (INTU), Salesforce (CRM) and Marvell Technology (MRVL) are also slated to report earnings this week.
Stocks closed higher on Friday, rebounding from earlier losses, but the major indexes still finished the week lower amid volatile Treasury yields and heightened Middle East tensions.
