Market Highlights

A tech-led rebound in stocks faded as caution prevailed on Wall Street ahead of a deluge of economic data and concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds dropped. The relief brought by the end of a historic US shutdown gave way to volatility this week as various Fed speakers damped wagers on policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed. Bitcoin was barely up for 2025. After briefly erasing a 1.4% slide, the S&P 500 closed little changed. Nvidia Corp. rose ahead of its earnings. US equity-index futures advanced along with technology shares in Asia as investors looked ahead to earnings from AI bellwether Nvidia Corp. and US economic data to set the tone for markets this week.