Analysis

U.S. markets came under pressure as semiconductor and AI-linked stocks weighed on the Nasdaq, while oil risks and resilient economic data kept investors focused on inflation and rates.

Investors are focused on the rate path and inflation outlook before upcoming policy decisions.

Major commodities are mixed as traders monitor global growth, energy inventories, and bond yields.

Trading desks report renewed institutional interest in digital assets while volatility remains tied to liquidity.

Major currency pairs are quiet as investors wait for data that could shift rate expectations.

Index futures are mixed as markets focus on profit margins and corporate guidance.