US stock futures mixed; Nvidia earnings, PMI data, Fed speakers in focusranons
The three main indices retreated last week, falling back from the recent highs seen in the wake of Donald Trump’s election win after Fed chief Jerome Powell warned that the US central bank was not “in a hurry” to cut interest rates further.The investment bank cites several factors as to why the S&P 500 could retreat, including stretched valuations, positioning in futures markets, and a recent history of bullish sentiment.
Nvidia’s chips are seen as the gold standard in the AI-space and its shares have risen around 200% this year, overtaking Apple stock soared 8% in premarket trade on Monday following reports from Bloomberg that the incoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.) stock rose 2.
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