U.S. stock futures retreated on Monday, as volatility in gold and silver rattled market sentiment and renewed worries over both the Federal Reserve’s direction and technology stocks.
As of 5:00 P.M. (GMT+7), Dow Jones Industrial Average futures fell by 0.29%, or 143.20 points, to 48,749.30 points, while S&P 500 futures ticked down by 0.57%, or 39.30 points, to 6,899.70 points. Nasdaq 100 futures also decreased by 0.82%, or 209.90 points, to 25,342.50 points. These moves followed further losses during overnight trading, after US equity markets ended last week on a weaker note.
Investor unease mounted as gold fell by up to 10% before recovering some ground, while silver saw an intraday loss exceeding 15% after a historic 30% drop on Friday, marking its deepest single-day decline on record.
Digital assets also saw continued pressure, with bitcoin breaching below the $80,000 threshold for the first time since April, extending a losing streak that started late last week.
Heightened uncertainty followed President Donald Trump’s decision late last week to nominate Kevin Warsh as the next Federal Reserve chair, a move broadly viewed by markets as signaling a cautious and disciplined approach to monetary policy.
Tech shares came under additional scrutiny amid reports that Nvidia’s proposed $100 billion investment in OpenAI had been delayed, compounding investor concerns over the sustainability of the artificial intelligence boom.
This week’s corporate calendar features quarterly earnings updates from key companies including Palantir Technologies, Walt Disney, Advanced Micro Devices, Alphabet, and Amazon, which are likely to draw significant investor attention.
