Nasdaq futures indicated a downward trend on Monday, marking the start of a new month of trading, as worries regarding artificial intelligence reemerged. Meanwhile, oil futures experienced a decline as President Donald Trump stated he believed Iran was negotiating “seriously” with the U.S. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average fell by 0.7%, 0.4%, and less than 0.1%, respectively. On Friday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average closed down by 0.9%, 0.4%, and 0.4%, respectively, as traders processed the announcement that Trump had nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair. The Dow and S&P 500 concluded January on a positive note, while the Nasdaq experienced a slight decline. Shares of Nvidia experienced a decline of 2% before the market opened, following a report from The Wall Street Journal, which referenced sources familiar with the situation, indicating that the plan for the world’s most valuable company to invest up to $100 billion in OpenAI, the creator of ChatGPT, has encountered delays. Oracle stock fell over 3% following the announcement of its intention to raise between $45 billion and $50 billion during calendar 2026 “in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, xAI and others.”

Before the market opened, shares of the Magnificent Seven tech companies experienced declines, with Tesla facing the largest drop at approximately 2.5%. Palantir, expected to announce its quarterly results following the market close on Monday, experienced a decline of approximately 0.5%. The Walt Disney Co. stock rose by 2.5% following the announcement of its quarterly profit and revenue, which surpassed expectations. Tyson Foods was also scheduled to release its results prior to the market opening. Meanwhile, West Texas Intermediate crude futures, the U.S. benchmark, sank about 5% to around $61.85 a barrel after Trump said over the weekend that he believed the Middle Eastern nation was negotiating “seriously” with the U.S. Trump has been mulling a military strike on Iran since the country’s leadership has cracked down on people protesting the regime, killing and arresting thousands.

Gold futures, which plummeted 9% on Friday as traders secured profits, increased by nearly 1% to approximately $4,800 an ounce after dipping below $4,425 earlier on Monday. The precious metal reached an impressive high of over $5,625 on Thursday. Silver futures experienced a notable rebound of nearly 7%, reaching close to $84 an ounce after dipping to a low of $71.20 on Monday. Silver experienced a significant decline of approximately 30% on Friday, following its rise above $121.75 on Thursday.

The U.S. dollar index, which monitors the value of the greenback against a selection of global currencies, stood at 97.08, showing little change but remaining close to levels not seen in over four years. Bitcoin was trading at approximately $77,700, a rise from overnight lows of about $74,500—marking its lowest level since last April following Trump’s announcement of his “Liberation Day” tariffs. The yield on the 10-year Treasury, which influences interest rates on various consumer loans such as mortgages, was trading at approximately 4.23%, a slight decrease from Friday’s closing rate of 4.24%.