- Investors evaluated whether a solid results performance will continue despite recent disappointments, which caused US equity-index futures to decline. The dollar's slide continued.
- Following losses on the underlying index caused by Nvidia's sales miss and a gloomy outlook from chipmaker Micron, contracts on the Nasdaq 100 fell 0.5%. The S&P 500 also saw losses. Treasuries fell, and the benchmark 10-year yield increased by three basis points as investors awaited Wednesday's inflation report to determine the direction of Fed tightening.
- As economists predict the largest decline in prices in more than two years for July, attention is shifting to the possibility that the US consumer price index peaked in June. Concerns about a recession have decreased as a result of a blowout figure for nonfarm payrolls, and corporate performance is still excellent.
