US stock futures edged lower on Monday as traders caught their breath following a milestone week that saw the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) notch fresh all-time highs.

Futures on the Dow (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) were all about 0.4% lower. Meanwhile, gold (GC=F) rose to a new record high, topping $3,750 as investors bet that more interest-rate cuts are coming from the Federal Reserve.

Stocks are on the retreat a strong week across the board on the heels of the Fed’s quarter-point cut to interest rates last week. The widely expected move — the Fed's first cut in 2025 — has sparked debate on Wall Street over whether it could spark a destabilizing rally without addressing recent weakness in the labor market.

This week, investors will get a fresh read on the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index. Economists expect the report to reflect sticky pricing pressures, though still come in tame enough to keep the central bank on its current policy track.

Earnings continue to be reported this week, albeit with a vastly reduced slate of companies. Eyes will be on Micron Technology (MU), where investors will watch for updates on AI-driven demand and revenue guidance after a recent raise, and on Costco (COST), a stalwart measure of consumer spending patterns.

BYD's (BYDDY, 1211.HK) shares sank in Hong Kong in the wake of a report that Warren Buffett's investment firm had dumped its stake in the Chinese EV maker.

Bloomberg reports:

The stock fell 3.4%, ranking among the worst performers on a gauge of Chinese shares listed in Hong Kong. Berkshire Hathaway Inc. has exited its entire holding in BYD, according to a CNBC report on Sunday that also cited a spokesperson for the US firm confirming the development.

A filing by Berkshire Hathaway Energy, the subsidiary that held BYD’s shares, listed the value of the investment as zero as of March 31, CNBC reported. Buffett’s firm held the stock for more than 15 years, having first bought 225 million shares in September 2008. The stock surged more than 4,500% since the day before the first purchase to March 31 this year. ...

BYD’s shares have tumbled about 30% from the all-time high reached four months ago due to growing concerns over its ability to fend off competition amid a destructive price war in China.

Read more here.

Samsung Electronics Co. (005930.KS) saw its stock value pop by over 5% following the announcement that Nvidia Corp. (NVDA) has given the go-ahead for the use of advanced memory chips, a first for the Korean tech behemoth.

Bloomberg reports:

The stock climbed at its peak to the highest since August 2024. Monday’s gain comes after local media including the Korea Economic Daily reported that Samsung’s 12-layer HBM3E product recently passed Nvidia’s qualification tests. That clears the components for use in the AI accelerators essential to the training of AI models from ChatGPT to DeepSeek, and finally allows Samsung to compete with SK Hynix Inc. with higher-end products.

Samsung has made headway with its latest generations of chips and should gain final certification on HBM3E from Nvidia soon, people familiar with the matter said.

The South Korean company has redoubled efforts in 2025 to catch up with local rival SK Hynix and Micron Technology Inc. of the US in the provision for high-bandwidth memory, which is designed to work in tandem with the powerful Nvidia chips that Meta Platforms Inc. and OpenAI employ to train and operate AI services. Company representatives have declined to comment on the reports.

Samsung shares are up roughly 20% this month on expectations also that commodity memory chips — where Samsung still leads — will face supply shortages next year, thanks to demand from artificial intelligence. Global funds bought more than $2 billion worth of Samsung in September.

Read more here.

Reuters reports:

Asian stocks inched up and the dollar was steady on Monday as traders pondered the U.S. monetary policy path after the Federal Reserve's rate cut last week, while President Donald Trump's immigration crackdown on worker visas kept sentiment in check.

The focus will be on Indian and tech stocks after the Trump administration said on Friday it would ask companies to pay $100,000 per year for new H-1B worker visas, a blow to the tech sector that relies on skilled workers from India and China.

U.S. stock futures eased in early trading with the S&P futures down 0.1%. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.09% higher. Tokyo's Nikkei rose 1% after dropping on Friday.

India's $283 billion information technology sector, which gets more than half of its revenue from the U.S., will likely feel the pain in the near term amid souring ties between India and the United States.

Read more here.

Bloomberg reports:

Gold (GC=F) held a fifth weekly advance, boosted by the Federal Reserve’s first rate cut of the year, with investors looking to a key inflation print due Friday for more clues about the US central bank’s monetary path.

Bullion was trading around $20 an ounce short of a record high set last week, after the Fed reduced rates by 25 basis points on Wednesday. Prices then retreated from the all-time high after Chair Jerome Powell indicated officials would take a “meeting-by-meeting” approach to future decisions, curbing expectations for rapid easing. Lower rates benefit non-interest bearing gold.

Traders will parse incoming data this week, including activity readings in Europe and Friday’s personal consumption expenditures price index in the US. The Fed’s preferred measure of underlying inflation likely grew at a slower pace last month, which would boost the argument for rate cuts. Additionally, Powell is also due to speak on the economic outlook on Tuesday.

Read more here.