Trump Meets Xi with AI Leaders; Meta Hosts Major Conference
The last full week of September features lighter financial activity, allowing attention to shift toward key geopolitical and corporate events. President Donald Trump is set to host Chinese leader Xi Jinping for a second meeting in 2026, which will include prominent figures from the AI industry such as OpenAI's Sam Altman and Nvidia’s Jensen Huang. Markets are watching closely for developments on trade relations ahead of an expiring truce and potential discussions around global tensions like the Iran conflict. Meanwhile, Meta is hosting a major conference that could influence investor sentiment in tech stocks. Investors will also monitor earnings reports from Costco (COST) and Darden Restaurants (DRI), as well as commentary from KB Home (KBH). The week follows a Fed rate hike, which has left markets uncertain about its impact on inflation and economic activity. With limited major data releases, attention is turning to niche indicators. Markets remain cautious amid high bond yields and conflicting signals between earnings forecasts and broader macroeconomic uncertainty.
Tickers: $COST $DRI $KBH $META $NVDA
Topics: AI earnings reports Fed rate hike Meta politics