AI Concerns and Nvidia Earnings Spark Risk-Off Sell-Off in U.S. Futures

This downturn was partly influenced by negative reactions to Nvidia's earnings report and concerns about the artificial intelligence ecosystem. Safe-haven assets like U.S. 10-year Treasury yields, which fell below 4%, and gold saw increased demand.

Oil prices rose due to ongoing Middle East supply concerns, despite progress in U.S.-Iran talks. Asian markets showed mixed performance, with South Korea's Kospi snapping a winning streak.

European indexes were largely higher, driven by basic-materials stocks. The dollar weakened against a basket of currencies, while sterling hit a 10-week low against the euro.

Bitcoin saw a marginal increase. The article also touches upon geopolitical tensions, central bank policies, and upcoming economic data.