U.S. stock futures were nearly flat Sunday night as the country appeared to be moving toward an all-out trade war with Canada, one of its largest trading partners.
According to MarketWatch, stock-index futures showed little movement as investors took in the possibility that the two neighboring economies could be heading into a serious tariff conflict. Canada is among the most significant U.S. trading partners, making the development notable for markets already watching several other major events this week.
Dow Jones futures edged higher Sunday night, along with S&P 500 and Nasdaq futures, according to reporting from Investor's Business Daily via Yahoo Finance. The movement was modest. The stock market rally that had been building took damage last week before doing some repair work on Friday.
Tariffs are not the only thing traders are watching. Nvidia is set to report earnings this week, and the report is expected to take center stage given the chipmaker's central role in the artificial intelligence trade that has driven much of the market's gains over the past two years. CrowdStrike will also report, leading a round of earnings from cybersecurity companies.
Federal Reserve Chairman Kevin Warsh is scheduled to give his first speech at the Jackson Hole economic symposium this week. Jackson Hole has historically been a venue where Fed chairs signal shifts in monetary policy, making Warsh's remarks closely watched by investors and economists alike. Mining stocks and cryptocurrency were also in focus heading into the week.
The combination of trade uncertainty with Canada, a major central bank speech, and high-stakes earnings from one of the market's most influential companies gives investors a packed week ahead.
