NVIDIA CEO Jensen Huang said transactions tied to a proposed $500 billion AI infrastructure financing plan will support broad adoption of AI, and that all funding will come from third-party capital.

Shipping risk in the Strait of Hormuz is lifting oil-tanker charter costs; daily hires for Middle East routes are approaching $500,000.

Last week's mixed July jobs report raised the market importance of July inf, analysts say. LPL Financial chief economist Jeffrey Roach said the Fed's rate path will depend on how long inf stays elevated; with the labor market cooling, inf could become the swing factor. A less certain inf outlook could support one hike this year but makes multiple hikes unlikely. Vanguard analyst Hicklin said July payrolls plus expected inf improvement bolster the case for the Fed to leave rates unchanged through year-end. Recent data have shifted Fed focus toward balancing labor-market signals and inf, increasing confidence policymakers will hold rates this year.