S&P 500 and Nasdaq futures rise ahead of Nvidia earnings and Fed's Jackson Hole summit
US stock futures pointed higher Tuesday as investors weighed new trade measures against Canada and Iran, ahead of Nvidia earnings and Fed Chair Kevin Warsh's first Jackson Hole speech. Dow futures were flat, S&P 500 futures rose 0.1%, and Nasdaq-100 contracts gained 0.4%. Asian stocks broadly fell after Treasury Secretary Scott Bessent announced new sanctions on Iran, while Nvidia posted its seventh consecutive daily loss. Bitcoin surged above $79,000 for the first time in three months on dollar debasement concerns, and gold rallied but took a breather. Economic data on new home sales and employment is due Tuesday, ahead of a PCE inflation reading Wednesday. Intuit, Zoom Communications, and DICK'S Sporting Goods report earnings Tuesday, offering key reads on the software and retail sectors.