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U.S. stock futures point lower with indexes coming off four straight weeks of losses; Nvidia (NVDA) begins its weeklong GTC conference, where the AI leader is expected to announce new products; gold futures are in focus as they remain above $3,000 an ounce; Buy Now, Pay Later (BNPL) firm Klarna files a U.S. IPO prospectus; and U.S.-listed shares of Baidu (BIDU) move higher after the Chinese tech firm unveils new AI models. Here’s what investors need to know today.
U.S. stock futures are ticking lower with indexes coming off four straight weeks of declines and as investors await this week’s Federal Reserve interest-rate decision. Dow Jones Industrial Average futures are 0.3% lower after dropping 3.1% last week, its worst weekly performance in two years. Nasdaq and S&P 500 futures also are edging lower after losing 2.4% and 2.3%, respectively, last week. Bitcoin (BTCUSD) and oil futures are up about 1%. The yield on the 10-year Treasury note is down, trading below 4.3%.
Nvidia (NVDA) is set to kick off its weeklong GPU Technology Conference (GTC) Monday in San Jose, Calif., where the company is seen offering updates on its latest artificial intelligence chips, upcoming releases, and developments in gaming and robotics. Nvidia is expected to showcase its Blackwell Ultra GB300 family of chips, and CEO Jensen Huang is slated to deliver a keynote address on Tuesday. Nvidia shares are up 1.5% in premarket trading.
Gold futures (XAUUSD) are in focus after they set a new record high above the closely watched level of $3,000 an ounce. Gold, which currently is trading at $3,008, gained 2.6% last week and has jumped 14% since the start of the year through Friday, while the S&P 500 has lost 8% since hitting a record high four weeks ago. Investors have moved to the safe-haven asset amid concerns that the Trump administration’s unpredictable tariff policies could slow economic growth and accelerate inflation.
European fintech firm Klarna Group has filed its prospectus for a U.S. initial public offering (IPO), moving ahead with plans to list even as recession fears rattle the stock market. The Buy Now, Pay Later (BNPL) company on Friday filed a registration statement with the Securities and Exchange Commission (SEC). According to a recent Bloomberg report, Klarna—which didn’t specify the offering’s number of shares or their price range— was targeting a valuation of more than $15 billion.
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