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U.S. stock futures point lower with indexes coming off four straight weeks of losses; Nvidia (NVDA) begins its weeklong GTC conference, where the AI leader is expected to announce new products; gold futures are in focus as they remain above $3,000 an ounce; Buy Now, Pay Later (BNPL) firm Klarna files a U.S. IPO prospectus; and U.S.-listed shares of Baidu (BIDU) move higher after the Chinese tech firm unveils new AI models. Here’s what you need to know as an investor today.
1. US Stock Futures Drop After Four Weeks of Losses
U.S. Stock Futures are declining as indexes come off of four straight weeks in declines, and investors await the Federal Reserve’s interest-rate announcement this week. Dow Jones Industrial Futures are 0.3% lower, after a 3.1% drop last week. It was the worst performance for a weekly in two years. Nasdaq and S&P 500 futures also are edging lower after losing 2.4% and 2.3%, respectively, last week. Bitcoin (BTCUSD), as well as oil futures, have gained about 1%. The yield on 10-year Treasury notes is down, trading at below 4.3%.
2. Nvidia GTC Conference Kicks Off Monday
Nvidia’s (NVDA) GPU Technology Conference (GTC), which runs for a week, will begin Monday in San Jose. The company will be providing updates on its latest artificial-intelligence chips, upcoming releases and developments in gaming, robotics and gaming. Nvidia’s Blackwell Ultra GB300 chip family is expected to be showcased, and Jensen Huang will deliver a keynote speech on Tuesday. Nvidia’s shares are up 1.5% during premarket trading.
3. Gold Futures are in the spotlight as they hover above $3,000
Gold futures (XAUUSD), which have set a new high above the closely monitored level of $3,000 per ounce, are now in focus. Gold, which currently is trading at $3,008, gained 2.6% last week and has jumped 14% since the start of the year through Friday, while the S&P 500 has lost 8% since hitting a record high four weeks ago. Investors have moved into the safe-haven assets amid concerns that Trump’s unpredictable tariff policy could slow down economic growth and accelerate inflation.
4. Klarna Files US IPO Prospectus
European fintech firm Klarna Group has filed its prospectus for a U.S. initial public offering (IPO), moving ahead with plans to list even as recession fears rattle the stock market. The Buy Now, Pay Later (BNPL) company on Friday filed a registration statement with the Securities and Exchange Commission (SEC). According to a recent Bloomberg report, Klarna—which didn’t specify the offering’s number of shares or their price range— was targeting a valuation of more than $15 billion.
5. Baidu Stock Rises After AI Model Rollout
The U.S. listed shares of Chinese tech company Baidu (BIDU), are trading more than 1% higher during premarket trading, after the company unveiled two new AI model: “multimodal foundation model ERNIE 4.5” and “deep-thinking reasoning model ERNIE X1.” The launch follows the recent release of DeepSeek, an AI model based in China that shook tech markets. Baidu said ERNIE X1 delivers performance comparable to DeepSeek R1 for half the price.
