US stock futures saw a positive uptick on Sunday night after a week marked by significant declines, with the Dow logging its worst weekly performance since October. Nasdaq and S&P 500 futures also showed gains of 0.5% and 0.4%, respectively.
The upcoming week is expected to be defined by market reactions to President Donald Trump’s policy moves, particularly changes in immigration policies. Economists argue that these changes could have significant macro effects on the economy.
Several key earnings reports are due this week, including those from Nvidia, Lowe’s, Home Depot, and Salesforce. Market watchers will also monitor US GDP, housing market data, and consumer confidence releases.
In other news, Alibaba announced plans to invest $53 billion in AI infrastructure over the next three years, aiming to become a leader in artificial intelligence. Gold prices held steady near record levels due to inflation concerns and demand for stable assets.
Australian bank shares recovered on Monday after a sharp sell-off, with top “Big Four” banks seeing financials rise 0.8% despite still being down more than 7% since February 12.
Source: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-bounce-back-from-poor-week-with-nvidia-earnings-in-sight-003356052.html