Financial markets are positioning for a heavy wave of economic releases as the U.S. government reopens and postponed data begins to funnel through. Caution dominated trading on Monday, with more than 75% of S&P 500 constituents declining ahead of earnings from Nvidia — now the market’s single biggest sentiment driver — and retail bellwethers Target and Walmart.
Bitcoin slipped below $90,000, adding to risk-off pressure as weakness across crypto and AI-related names contributed to the S&P 500’s longest losing streak since August.
Equities extended their slide globally. European stocks fell roughly 1%, while Japan’s market tumbled 3% as investors digested weaker-than-expected GDP figures and speculation over fresh fiscal stimulus. U.S. equity futures signal further softness, pointing to a 0.5% drop at the open.
Gold declined 0.8%, but managed to hold near $4,040, steadying after last week’s sharp gains.