Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Aug. 24, 2026 in New York City.
Angela Weiss | AFP | Getty Images
U.S. equity futures were little changed early Tuesday after the S&P 500 posted a losing session as investors turned cautious ahead of Nvidia’s earnings and a key inflation report due later this week
Futures tied to the Dow Jones Industrial Average were flat. S&P 500 futures inched higher by 0.07%, while Nasdaq 100 futures were 0.2% higher
In regular trading, the S&P 500 fell 0.28%, and the Nasdaq Composite lost 0.76% as declines in chip stocks and other tech names weighed on the broader market. Meanwhile, the Dow gained 140.15 points, or 0.26%
In Asia, Japan’s Nikkei 225 rose 0.27%, while the Topix added 0.41%. South Korea’s Kospi dropped 1.44%, and the small-cap Kosdaq declined 0.26%. Australia’s benchmark S&P/ASX 200 was 0.53% higher
U.S. bond yields were lower after CNBC reported that the Treasury Department could use its $1 trillion General Account to fund its plans to ramp up government bond purchases. The U.S. 10-year Treasury fell more than 3 basis points on the day to 4.7%
Investors were taking some risk off the table as they continued to digest last week’s pullback and brace for Nvidia earnings this week. The chip giant’s quarterly report is due on Wednesday after the closing bell. Inflation is also top of mind for traders, with the personal consumption expenditure price index reading for July out on Wednesday
Another catalyst for stocks and the bond market looms on Friday, with Federal Reserve Chairman Kevin Warsh expected to deliver a speech at the Fed’s annual symposium in Jackson Hole, Wyoming. His speaking engagement comes after the Treasury Department announced a plan to tame long-dated Treasury yields
“This week’s events combined with overbought conditions, seasonality and midterm elections are likely to accelerate equity market volatility,” said Doug Beath, global equity strategist at Wells Fargo Investment Institute
“We continue to believe that the backdrop for stocks remains positive: record corporate earnings driven by AI capital spending despite moderate consumer spending,” he added. “We recently raised our earnings targets for all major equity classes except U.S. small-cap last week and continue to see any pullback as a buying opportunity.”
On the earnings front, traders will be watching for earnings from Bank of Montreal and Dick’s Sporting Goods due before the bell Tuesday. Intuit, Box and Zoom will deliver quarterly results after the market close
Investors will also be monitoring consumer confidence data at 10 a.m. ET Tuesday for hints on whether consumer resilience is starting to crack and the impact on economic growth and the Fed’s path on interest rates
16 Min Ago
Porsche inks $1.5 billion deal for AI deployment with India’s Tata Consultancy
Porsche has signed a five-year contract worth 1.25 billion euros ($1.46 billion) for artificial intelligence with India’s largest IT services firm, Tata Consultancy Services
As part of the deal, TCS will acquire Porsche’s IT consulting business, MHP, for 320 million euros, the company said in a release
This will combine Porsche’s “automotive expertise with TCS’s digital and AI capabilities,” Michael Leiters, chairman of Porsche, said in the press release. The partnership will boost the European sports-car maker’s innovation, efficiency and competitiveness “in an increasingly data- and software-driven world of mobility.”
22 Min Ago
Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Shares of Chinese electric vehicle maker Xpeng fell more than 9% in Hong Kong on Tuesday after the company issued weaker-than-expected forecast for third-quarter deliveries, despite its robotics business unit securing a valuation of over $6.3 billion in a funding round.
Xpeng’s U.S.-listed shares closed 8.5% lower on Monday
The company reported a second-quarter net loss of 1.34 billion yuan ($200 million), wider than a year earlier, while revenue rose 8% to 19.74 billion yuan. It forecast deliveries of between 115,000 and 121,000 vehicles in the third quarter.
—Jenny Lee, Evelyn Cheng
2 Hours Ago
Bitcoin jumps 3%, closing in on $80,000 as rally gathers pace
Bitcoin closed in on the $80,000 mark on Tuesday, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the cryptocurrency’s recent rally
The flagship cryptocurrency jumped 3.1% to $79,739
The latest move extends a sharp rally that began last week, when bitcoin surged more than 20% in three days, its biggest three-day gain since 2023. The rally was fueled partly by a short squeeze, with more than $4 billion in bearish crypto positions liquidated as prices rose
—Lee Ying Shan
2 Hours Ago
Gold hits over three-month high on dollar weakness, Treasury’s bond buyback plans
Gold prices on Tuesday rose to their highest in more than three months, supported by a weaker U.S. dollar and as the U.S. Treasury’s bond buyback plans keep the lid on yields
Spot gold gained 0.6% to $4,677.19 per ounce, its highest since mid-May, with UOB forecasting that gold was on track “for its strongest monthly gain since September 1999.” The yellow metal has gained over 15% so far this month
Gold futures were up 0.5% at 4,720.3, also a more than three month high
—Justina Lee
3 Hours Ago
Mainland China and Hong Kong benchmark indexes open lower
Mainland China and Hong Kong benchmarks fell Tuesday, tracking broad declines in Asian markets
Hong Kong’s Hang Seng index was down 0.11%, while mainland China’s CSI 300 fell 0.44%
The declines in Hang Seng were led by non-consumer cyclicals and industrials sectors, down 1.19% and 0.20%, respectively
—Justina Lee
5 Hours Ago
South Korea’s Kospi falls 2.4%, Japan’s Nikkei slips 0.6% at open
Asia-Pacific markets traded lower early Tuesday
Japan’s Nikkei 225 fell 0.55% at open, while the Topix was marginally lower
South Korea’s Kospi dropped 2.37%, and the small-cap Kosdaq declined 1.23%
Australia’s benchmark S&P/ASX 200 was 0.29% higher
—Justina Lee
6 Hours Ago
Asia-Pacific markets are set for muted open as U.S. moves to isolate Iran
Asia-Pacific markets were set to open mixed on Tuesday, amid concerns over growing Mideast tensions as the U.S. rolls out global sanctions focused on Iran
Japan’s Nikkei 225 was poised to decline, with the Chicago futures contract at 65,425 and its Osaka counterpart last trading at 65,360, compared with the index’s previous close of 65,528.09
Hong Kong’s Hang Seng index futures were at 25,599, compared with the index’s last close of 25,517.33
Futures for Australia’s S&P/ASX 200 last traded at 9,055, while the index closed at 9,103.10
On Monday, the U.S. rolled out a global sanctions plan that targets “enablers,” helping keep Tehran’s economy afloat
“Those who tether themselves to Tehran should expect to share in the isolation of a withering regime,” U.S. Treasury Secretary Scott Bessent said on X
—Justina Lee
6 Hours Ago
Strengthen your portfolio with these moves as long-dated yields stay elevated, UBS says
Long-dated Treasury yields were still relatively high on Monday, but investors can take a few steps to bolster their portfolio for this runup in rates
Treasury Secretary Scott Bessent has been working to calm higher yields in long-dated Treasurys, announcing last week it would at least double its buyback program. Though yields retreated briefly, they were still elevated on Monday, with the 10-year Treasury yield last at 4.7%. Bond yields and prices move inversely to one another, and price swings related to rate fluctuations are more dramatic for long-dated issues
The 10-year Treasury in the past five trading days
The news isn’t all that bad for investors, according to a Monday note from UBS. “Over the longer term, initiatives that result in financial repression and artificially bring down yields should be favorable for equities, while gold would be another beneficiary of this scenario.”
The firm recommended that investors focus on quality bonds with short- to medium-term maturities, “as they are less susceptible to volatility at the long end of the curve.”
Investors should also stay in stocks. “While higher yields are typically a headwind for equities, we believe strong corporate earnings and expectations of further growth should continue to support global equities broadly,” UBS said
Finally, investors should consider “a mid-single digit allocation” to gold, according to the firm. “As a non-fiat real asset, it can benefit when financial repression fuels fears of currency debasement,” UBS said
—Darla Mercado
7 Hours Ago
Stock futures open little changed
U.S. equity futures opened little changed on Monday night. Futures tied to the Dow Jones Industrial Average added 40 points, or 0.07%. S&P 500 futures edged higher by 0.09% and Nasdaq 100 futures gained 0.1%
— Tanaya Macheel
