Last Updated on 25/08/2026
U.S. stock futures were largely unchanged on Monday evening after Wall Street closed mixed, with technology stocks under pressure as investors assessed new U.S. economic measures targeting Iran and looked ahead to a busy week of potentially market-moving events.
Around 20:50 ET, S&P 500 Futures were flat at 7,669.25, while Nasdaq 100 Futures slipped 0.1% to 29,089.75. Dow Jones Futures were little changed at 53,479.0.
Futures had traded lower earlier in the session as weakness in semiconductor stocks and caution ahead of Nvidia’s earnings weighed on sentiment.
During Monday’s regular session, the Dow Jones Industrial Average gained 0.3%, while the S&P 500 declined 0.3% and the Nasdaq Composite lost 0.8%. Nvidia shares dropped 2.9%, while semiconductor peers such as Micron Technology and Broadcom also fell, putting additional pressure on the technology-heavy indexes.
Geopolitical developments were another focus for investors as Washington increased economic pressure on Iran. Treasury Secretary Scott Bessent warned countries conducting business with Tehran that they could face secondary sanctions, while the U.S. administration described its latest measures as an “economic D-Day” for Iran.
Oil prices edged lower on Tuesday following a steep decline a day earlier, providing some relief to the bond market. Brent crude traded below $92 a barrel as markets assessed the potential impact of the new U.S. measures.
Meanwhile, the 10-year U.S. Treasury yield declined by around 3 basis points to approximately 4.70%, while the 30-year yield eased to about 5.23%. Both yields had climbed to multi-year highs last week.
Bond yields also came under pressure after CNBC reported that Treasury Secretary Bessent could potentially use the Treasury Department’s nearly $1 trillion Treasury General Account to finance an expansion of government bond buybacks.
Still, Nvidia is expected to remain the key market focus. The chipmaker is scheduled to release its fiscal second-quarter 2027 results after Wednesday’s closing bell. Investors will closely examine the company’s guidance for signs that the enormous investment in artificial intelligence infrastructure continues to be justified.
Markets are also preparing for the release of July personal consumption expenditures (PCE) inflation data later this week, a closely watched indicator for the Federal Reserve.
The annual Jackson Hole symposium begins Thursday, with Fed Chair Kevin Warsh scheduled to speak on Friday. His comments could provide fresh clues about the future direction of U.S. interest rates.
With Nvidia’s earnings, inflation figures, Federal Reserve signals and geopolitical developments all arriving in quick succession, markets have limited room for disappointment. The combination of these catalysts could determine whether the recent equity rally is able to regain momentum.
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