U.S. stock futures edged higher on Monday as traders braced for a busy week of economic releases, including July’s Consumer Price Index (CPI), Producer Price Index (PPI), and retail sales data—figures that could shape expectations for the Federal Reserve’s next rate move.
The Nasdaq hit another record high last week, boosted by Apple’s biggest weekly gain since 2020 and persistent enthusiasm for artificial intelligence. Reports indicate that after meeting with President Donald Trump, Nvidia and AMD agreed to allocate 15% of their China AI chip sales revenue to the U.S. government in exchange for new product export licenses, clearing a key regulatory hurdle.
Meanwhile, C3.ai shares plunged after issuing preliminary Q1 revenue guidance far below Wall Street forecasts. Fed Governor Michelle Bowman reiterated her call for rate cuts, citing labor market weakness rather than inflation concerns, further fueling bets on a policy shift in September.