Stock Market and S&P 500 Pull Back Today; Bitcoin Liquidations Top $1,5 Billion

• Crypto market suffers from liquidations of optimistic positions
• Inflation and interest rate cuts in the US remain on the radar
• Expectations regarding Fed Chairman's statements

The global financial market started the week with losses, reflecting investor caution awaiting further signals from the Federal Reserve regarding interest rate policy. S&P 500 futures fell 0,3%, followed by the Dow Jones, which fell 0,4%, and the Nasdaq 100, also down 0,3%.

Markets are focusing this week on the release of the personal consumption expenditures (PCE) price index, the Fed's main inflation indicator. The September reading will be released on Friday and could reinforce bets on a further 0,25 percentage point cut in October if it shows a price slowdown.

Meanwhile, gold hit a new all-time high, surpassing $3.750, buoyed by expectations that the Fed will make two more rate cuts by the end of 2025. Meanwhile, the cryptocurrency market posted sharp losses. Bitcoin was pressured by liquidations exceeding $1,5 billion, reflecting the adjustment of long positions amid macroeconomic instability.

In addition to inflation data, investors are closely monitoring the Federal Reserve's speaking schedule throughout the week. Fed Chairman Jerome Powell will speak on Tuesday, while Stephen Miran, recently appointed by U.S. President Donald Trump, will make his first public appearance in New York on Monday, expected to detail his monetary policy positions.

Another factor weighing on the markets was the Trump administration's announcement of a new $100 annual fee for American companies to apply for H1-B work visas. The measure sparked concern among major technology companies like Microsoft and Goldman Sachs, which sent internal communications warning their teams.

In premarket trading, shares of tech giants performed mixed. Investors are also paying close attention to upcoming earnings reports, especially from Micron Technology, due to demand for artificial intelligence chips, and Costco, which may offer a more accurate reading of consumer habits.