Finance

Nvidia shares continued their recent downward trajectory, marking a seventh consecutive negative session as investors braced for the company's upcoming quarterly financial report. The semiconductor space faced broader selling pressure, exacerbated by reports that clients could face substantial price hikes for chips. This sector-wide decline pulled down other notable industry players like Micron Technology and Broadcom.

The digital asset market maintained its strong upward momentum from the weekend, with Bitcoin pushing toward the $80,000 threshold, its highest level in months. Ethereum also advanced significantly, climbing near $2,500 following regulatory progress and an increase in institutional fund inflows. This digital token rally has injected momentum into crypto-linked equities, though market analysts warn of short-term overbought conditions.

Wall Street is shifting its attention to pivotal macroeconomic developments scheduled for later in the week, including the release of the July Personal Consumption Expenditures price index. Furthermore, newly appointed Federal Reserve Chairman Kevin Warsh is scheduled to deliver his first keynote address at the Jackson Hole symposium. Traders are searching for definitive clues regarding future monetary policy decisions amid persistent pressures to manage domestic inflation.