Nasdaq futures indicated a lower opening on Monday, setting the stage for a week filled with technology earnings reports and the Federal Reserve’s interest rate decision, as gold futures exceeded $5,000 an ounce for the first time. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated declines of 0.4%, 0.2%, and less than 0.1%, respectively. The three primary equity indices experienced their second consecutive week of losses after a mixed trading session on Friday. Markets appear to be influenced by President Donald Trump’s threatened imposition of a 100% tariff on imports from Canada contingent upon Canadian Prime Minister Mark Carney securing a trade agreement with China. Additionally, concerns regarding a potential U.S. government shutdown have emerged after Senate Democrats indicated they would not support a funding package without amendments to Department of Homeland Security provisions, particularly in light of the recent fatal shooting of a protestor in Minneapolis on Saturday.

Safe-haven gold futures have surpassed the $5,000-an-ounce mark for the first time amid escalating geopolitical tensions, recently trading up over 2% at approximately $5,085 an ounce after briefly exceeding $5,100 an ounce. Silver futures reached a new record high, surpassing $110 an ounce, and have recently increased by more than 7%, trading at approximately $108.75 an ounce. Meanwhile, the U.S. dollar index, which monitors the value of the greenback against a selection of global currencies, registered a decline of 0.5% at 97.11. The dollar depreciated further against the yen following indications from Japanese and U.S. officials that they were ready to intervene to halt the decline of the Asian currency.

The yield on the 10-year Treasury, which influences interest rates across various consumer loans such as mortgages, decreased to 4.20% from Friday’s closing figure of approximately 4.23%. Bitcoin experienced a trading price of approximately $87,900, reflecting an increase from the overnight lows near $86,000. West Texas Intermediate crude futures, the U.S. benchmark, increased to $61.15 a barrel. In corporate news, shares of U.S. airlines, including Delta Air Lines, United Airlines, American Airlines, and Southwest Airlines, pointed modestly lower after a massive storm across much of the country forced the carriers to cancel more than 20,000 flights over the weekend and Monday.

Intel shares were down roughly 1.5% in premarket trading after plummeting 17% to lead the declines in the S&P 500 and Nasdaq on Friday, following a soft outlook issued by the chipmaker and warnings from executives that supplies could reach a low in the current quarter. USA Rare Earth stock soared 35% before the bell after reports that the Trump administration was prepared to take a 10% stake in the company.