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Stocks Slip Ahead of High-Stakes Week; Canada Sees Extended U.S. Trade Standoff
Futures dip as investors await Bessent on Iran, PCE, Nvidia earnings and Fed Chair Warsh; Canada says U.S. trade talks unlikely before midterms after failed negotiations.
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What stands out
Futures slipped Friday as markets braced for a compact, high-stakes week: a US Treasury news conference on Iran, Personal Consumption Expenditures (PCE) inflation data, Nvidia (NVDA) earnings, and Fed Chair Kevin Warsh’s speeches. Bloomberg’s brief flagged a crowded calendar, plus a stumble in US-Canada trade talks and fresh AI headlines, which makes Nvidia both a macro barometer and an earnings event. For investors who buy the AI growth story, Nvidia’s report will be the cleanest recent test of whether runaway profit gains can survive a tighter-rate backdrop.