A crucial earnings week awaits markets, where results from chipmakers including Nvidia and Marvell Technologies are expected.
- Fed Chairman Kevin Warsh is expected to speak at the central bank’s annual symposium in Jackson Hole, Wyoming.
- U.S. Treasury yields moved lower after reports that the Treasury could tap its nearly $1 trillion General Account to help fund an expanded government bond buyback program.
- Additionally, a slew of economic releases, including July’s PCE index, consumer confidence index, and the second estimate for the second-quarter 2026 GDP, are expected this week.
U.S. stock futures were mixed in the overnight session late Monday as investors await results from Nvidia Corp. (NVDA) and July’s personal consumption expenditures inflation data later this week, which is considered a key metric for the Federal Reserve.
Meanwhile, Fed Chairman Kevin Warsh is expected to speak at the central bank’s annual symposium in Jackson Hole, Wyoming.
Dow futures declined 0.04%, while the S&P 500 futures were up 0.01% and the Nasdaq-100 futures gained 0.07% at 11:03 PM EDT.
On Monday, the Dow Jones Industrial Average closed up 0.26%, adding about 140 points. Meanwhile, the S&P 500 and the Nasdaq Composite ended the session lower, declining 0.28% and 0.76%, respectively.
| Index | Move | Close |
| Dow Jones Industrial Average | 0.26% | 53,417.16 |
| S&P 500 | -0.28% | 7,652.86 |
| Nasdaq Composite | -0.76% | 25,980.19 |
Key US Market Drivers
A crucial earnings week awaits markets, where results from chipmakers including Nvidia and Marvell Technologies Inc. (MRVL) are expected later this week.
NVDA shares fell nearly 3% at close, extending to seven consecutive days of declines even as analysts expect sales for the quarter to jump 97.2% to $98.18 billion, marking the fastest pace of growth in a year. Nvidia is due to report quarterly earnings after the market close on Wednesday. Meanwhile, MRVL stock fell more than 3% ahead of its results.
Broader weakness in the semiconductor industry, driven by price-hike concerns, dragged down the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX) indexes, which dropped about 2.5% each.
Stocks and bond markets will also be watching for Federal Reserve Chair Kevin Warsh’s speech at the Fed’s annual Jackson Hole symposium on Friday. Investors will be looking for details on the Fed’s announced plan to stabilize long-term Treasury yields, as well as cues on its policy path.
Meanwhile, U.S. Treasury yields moved lower after reports that the Treasury could tap its nearly $1 trillion General Account to help fund an expanded government bond buyback program. Last week, U.S. Treasury Secretary Scott Bessent indicated that buybacks could exceed the recently announced $4 billion minimum per operation, potentially providing additional support to longer-dated Treasuries and putting further downward pressure on yields.
The U.S. 30-year Treasury yield was trading at 5.242% at the time of writing, while the U.S. 10-year Treasury yield was trading at 4.716%.
Additionally, a slew of economic releases, including July’s PCE index, consumer confidence index, and the second estimate for the second-quarter (Q2) 2026 Gross Domestic Product (GDP), are expected this week.
“This week’s events combined with overbought conditions, seasonality and midterm elections are likely to accelerate equity market volatility,” Doug Beath, global equity strategist at Wells Fargo Investment Institute, reportedly told CNBC.
“We continue to believe that the backdrop for stocks remains positive: record corporate earnings driven by AI capital spending despite moderate consumer spending,” he added.
Trending Stocks To Watch
Strategy (MSTR): The company’s shares were in focus after it jumped nearly 3% at close and continued to climb higher overnight after it announced the creation of a new $1.59 billion ‘USD Cash’ pool, separate from its existing USD Reserve.
BitMine Immersion Technologies Inc. (BMNR): The company was in the spotlight after its shares jumped nearly 6% at close and were gaining overnight following its announcement on Monday that cryptocurrency, total cash and marketable securities, and "moonshots" holdings totaled $14.9 billion.
Strive Inc. (ASST): The company said on Monday that it has purchased 1,110 Bitcoin for about $81.5 million last week, with its total holdings now at 21,356 BTC. Shares jumped more than 8% at close.
SELLAS Life Sciences Group Inc. (SLS): The biotechnology company was on the retail radar ahead of a key acute myeloid leukemia trial readout. The company is also eyeing a key resistance zone, with investors watching whether the stock could break through the $15.45 to $15.88 range.
Other Market Trends
Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) edged higher at the time of writing, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) was trading in the red.
The iShares 20+ Year Treasury Bond ETF (TLT) was down 0.06% amid ‘neutral’ sentiment.
Global oil prices were higher at the time of writing. Brent crude futures expiring in October were up about 0.48%, trading at $92.61 a barrel at the time of writing. Meanwhile, WTI crude futures expiring in October were trading at $85.57 per barrel.
Asian markets were trading mixed at the open on Tuesday. South Korea's KOSPI and China’s SSE Composite were trading lower at the time of writing, while Japan’s Nikkei 225 and Australian stocks were trading in the green.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
