Most Important News

• Gold Records: Gold surpasses US$3,600/oz, up 37% YTD.
• Tesla Triumphs: Tesla's AI5 chip design review succeeds.
• Robinhood Joins: Robinhood added to S&P 500 index.

US stock futures rose Monday as investors geared up for a week full of crucial inflation data.

As of 03:11 PM Riyadh Time, compare to the prices at 17:00:00 on the previous trading day, including any holiday-shortened sessions, the blue-chip Dow Jones Futures ascend a bit by 25.0 points or 0.05% to 45,484, the broad-based S&P 500 Futures are moving higher by 8.75 points or 0.13% to 6,498, the tech-heavy Nasdaq Futures advance 67.75 points or 0.29% to 23,752. (Data source: Wind Quant)

Investors await two major inflation reports this week after weak hiring data on Friday.

The weak jobs report has fueled hopes for a Fed rate cut later this month.

As of 03:49 PM Riyadh Time, top pre-market movements are as follows:

Gold Soars to Record High on Rate Cut Bets

Gold prices surged to a record high on Monday, as weak US non-farm payrolls report spurred expectations of a Federal Reserve interest rate cut.

Ishiba's Resignation Hits Japanese Bonds

Long-term Japanese government bond prices dropped sharply on Monday, as PM Ishiba Shigeru's resignation raised fiscal policy loosening expectations.

Bitcoin's Stagnant Trend Amid Fed Rate Decision

Bitcoin hovers near US$110,000, with analysts expecting continued sluggishness even if the Fed cuts interest rates next week.

OPEC+ Boosts Oil Output Amid Demand Concerns

OPEC+ will raise oil output from October, led by Saudi Arabia, to regain market share, though at a slower pace due to weaker global demand expectations.

Goldman: Small-Caps to Join US Stock Rally

Goldman Sachs Group Inc strategists say solid US economic outlook will let small-cap stocks catch up, extending the record-breaking US stock market rally.

Fed Rate Cut Prediction: 50 BPS Next Week?

Standard Chartered Bank forecasts the Federal Reserve will cut rates by 50 basis points next week, double its prior 25 bps estimate, due to weak August US jobs data.

Barclays Adds October Rate Cut Forecast

Barclays Bank revised its Fed rate cut outlook, adding a 25 bps rate cut in October due to weaker jobs data and labor market risks.

Cathie Wood: AI to Slash Inflation to Zero or Below

ARK Invest CEO Cathie Wood stated on Friday that AI and tech breakthroughs could trigger a productivity surge, pushing US inflation to "zero or even negative" levels.

Apple's iPhone 17 Event Faces Innovation Backlash

Apple Inc.(AAPL.US) prepares for iPhone 17 launch, but analyst Daniel Newman criticizes it for predictable upgrades, citing lack of innovation.

Tesla's AI5 Chip Design Review Triumphs

Tesla Motors, Inc.(TSLA.US) CEO Elon Musk declares successful "great design review" for AI5 chip, marking Tesla's foray into custom semiconductors amid fierce global competition.

Trump Reacts to EU's Google Fine

President Trump questions EU's motive for fining Google (Alphabet Inc. Class C(GOOG.US)) (Alphabet Inc. Class A(GOOGL.US)), vows to speak to EU, and suggests retaliatory measures if similar actions are taken against US companies.

Robinhood Joins S&P 500 Index

S&P Dow Jones Indices revealed major updates, adding Robinhood(HOOD.US) to the S&P 500, reflecting retail trading's rise in Wall Street. Read in detail>>

Super Micro, Nokia Partner for AI Data Centers

Nokia Oyj Sponsored ADR(NOK.US) and Super Micro Computer, Inc.(SMCI.US) are collaborating to deliver AI-optimized, high-performance data center networking solutions for cloud providers and enterprises.

XPeng Unveils Next-Gen P7 at IAA Mobility 2025

Chinese EV maker XPENG INC.(XPEV.US) debuts its latest P7 model in Europe, advancing global AI mobility with AI-powered vehicles, robotics, and flying cars.

Nvidia CEO's Decade Mentorship Fuels SOUN's Rise

NVIDIA Corporation(NVDA.US) CEO Jensen Huang mentored SoundHound AI(SOUN.US) founder for 10 years, turning a Stanford dorm project into a US$5.4B AI voice tech firm.