Finance

Trading desks are adopting a watchful stance as the market prepares for a highly consequential week of financial disclosures. Key points of focus include the upcoming quarterly profit announcement from artificial intelligence bellwether Nvidia, alongside the impending release of the Personal Consumption Expenditures inflation gauge and a highly anticipated policy speech by Federal Reserve Chairman Kevin Warsh.

The energy sector emerged as the weakest performing component of the S&P 500, weighed down by a 2.5% intraday drop in West Texas Intermediate crude futures. This multi-session win streak for international benchmarks fractured following an official policy briefing detailing heightened economic sanctions aimed at putting pressure on Iran.

Digital assets held onto a massive multi-day rally, with Bitcoin closing in on the $80,000 threshold and Ethereum jumping to around $2,470. Market sentiment in the crypto space has been substantially bolstered by aggressive government bond buybacks by the U.S. Treasury, active digital asset ETF inflows, and emerging regulatory capital-raising proposals from the SEC.