FX.co ★ US Futures Edge Lower Ahead of Major Earnings

US stock futures slipped on Monday as investors looked ahead to Nvidia’s highly anticipated earnings report later this week for fresh clues on how long the artificial intelligence-fueled market rally can continue. Results from major retailers, including Walmart and Target, are also due and expected to shed light on how the recent Middle East-driven spike in energy prices is affecting US consumer spending. At the same time, oil prices extended their gains after President Donald Trump warned that Tehran is running out of time to reach an agreement with Washington, even as Iranian media reports suggested the two sides remain far apart in negotiations. Last week, the S&P 500 and Nasdaq Composite both notched fresh record highs as technology and AI-linked stocks continued to advance, though the indexes pulled back on Friday as Treasury yields jumped amid mounting inflation worries. Recent economic data have also signaled quickening US inflation, prompting traders to fully price out any Federal Reserve interest rate cuts this year.