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U.S. stocks appear set for a negative opening on Monday as investors take a step back after the Dow Jones Industrial Average surged to a record high last week following Federal Chair Jerome Powell’s Jackson Hole speech.
Wall Street has turned its focus to AI bellwether Nvidia Corp.’s (NVDA) latest quarterly results, scheduled to be announced on Wednesday.
While Dow Jones futures were down 0.35% at the time of writing, the S&P 500 futures fell 0.55%, while the tech-heavy Nasdaq 100’s futures declined 0.35%. Futures of the Russell 2000 index were up 0.18%.
Meanwhile, the SPDR S&P 500 ETF (SPY) was down 0.28% at the time of writing, while Invesco QQQ Trust (QQQ) declined 0.34% on Monday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.
Asian markets ended Monday’s trading session on a positive note, with the TWSE Capitalization Weighted Stock index leading with gains of 2.11%, followed by the Hang Seng at 1.77%, and the Shanghai Composite at 1.49%.
The KOSPI rose 1.28%, while the Nikkei 225 gained 0.41%.
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