Stock market today: Dow, S&P 500, Nasdaq futures pull back from records as gold powers to fresh high

Market Overview - US stock futures retreated with Dow Jones Industrial Average futures down approximately 0.4%, S&P 500 futures down 0.3%, and Nasdaq 100 futures also down about 0.3% as investors anticipate Federal Reserve speakers and key inflation data [1] Gold and Cryptocurrency - Gold reached a new all-time high, exceeding $3,750, driven by expectations of two more interest rate cuts by the Fed before the end of 2025 [2] - In contrast, Bitcoin and other cryptocurrencies fell as traders liquidated over $1.5 billion in bullish positions [2] Inflation and Federal Reserve - Markets are awaiting the upcoming personal consumption expenditures (PCE) price index report, which is expected to show persistent but manageable price pressures, potentially influencing the likelihood of a quarter-point rate cut in October [3] - A packed schedule of Federal Reserve speakers, including Chair Jerome Powell and newly appointed governor Stephen Miran, is set to provide insights into future policy directions [4] Corporate Earnings - Upcoming earnings reports from Micron Technology will focus on AI-driven demand, while Costco's results will provide insights into consumer spending trends [6]