Global markets are starting the week with a cautious tone as U.S. futures trade lower, following weaker sessions in Asia and Europe. Investors are exercising restraint amid a pullback in technology stocks and elevated bond yields.
Stocks to Watch:
- Nvidia Corporation: All eyes are on the company's Q2 earnings this Wednesday, which will be a key test for the ongoing AI rally.
- PDD Holdings Inc.: The internet giant reports pre-market today, with options markets implying a potential share price move of over 7.5%.
- XPeng Inc.: The electric vehicle maker also reports Q2 results pre-market, with options suggesting a significant implied move of over 9.5%.
- Super Micro Computer, Inc.: The company is in the spotlight as a key player in the AI hardware space, leveraging the current shift in technology.
Looking ahead, investors will be closely monitoring headlines from the Jackson Hole symposium for any commentary from the Federal Reserve on future monetary policy.