Futures nudge higher as Wall Street braces for Warsh, Nvidia and a bitcoin comeback

• Nvidia stock declined for seven straight sessions ahead of its highly anticipated earnings report, making it the most-watched results in the market
• Bitcoin rallied past $80,000 for the first time in three months as Treasury bond market intervention sparked dollar debasement concerns, while gold also advanced
• Key economic data releases include ADP employment, new home sales, manufacturing data, and Wednesday's PCE inflation print, with Fed Chair Kevin Warsh set to deliver his first speech at Jackson Hole

Market Summary

Market Movement:

U.S. futures edged higher on August 25, 2026, with Dow and S&P 500 contracts up 0.3% and Nasdaq 100 gaining 0.7%, recovering from Monday's tech sector weakness. Asian markets declined following new Iran sanctions announced by Treasury Secretary Scott Bessent.

Key Company Developments:

• Nvidia has experienced seven consecutive down days ahead of its highly anticipated earnings report, representing unusual pre-earnings weakness for the market's most-watched stock.
• Dick's Sporting Goods struggled at market open, pressured by competitive discounting, weak product launches, and underperformance from its Foot Locker business dragging comparable sales.
• Intuit and Zoom scheduled to report earnings after the close.

Cryptocurrency and Commodities:

Bitcoin surged above $80,000 for the first time in three months, driven by speculation about dollar debasement following Treasury bond market intervention. Gold also rallied before consolidating gains.

Economic Data and Policy:

Multiple economic indicators are scheduled for release today, including new home sales, ADP employment figures, and manufacturing data. These precede Wednesday's PCE inflation report and the Jackson Hole symposium, where new Fed Chair Kevin Warsh will deliver his inaugural speech—a closely watched event for monetary policy signals.

Market Implications:

Investors are navigating multiple catalysts including critical tech earnings, cryptocurrency volatility, geopolitical tensions affecting Asian markets, and upcoming inflation data that could influence Federal Reserve policy direction. The combination of Nvidia's earnings and Warsh's Fed debut creates significant event risk for markets this week.