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Polymarket and Kalshi now see a 69% chance of no Fed rate cuts in 2026, as rising oil and yields pressure stocks. Key earnings from Nvidia, Walmart, and others will test the market next week.

U.S. stocks retreated Friday as higher oil prices and Treasury yields halted the AI-led rally. The S&P 500 fell 1.24%, while the Nasdaq dropped 1.54%, with chip stocks hit hard.

NextEra Energy and Dominion Energy are in merger talks for a $400B utility, Nvidia reports earnings Wednesday, and major retailers like Walmart and Home Depot release results. Markets await Fed rate decisions.

U.S. stock futures fell Friday after the Dow reclaimed 50,000, as rising Treasury yields and oil prices tempered AI-driven gains. Cisco surged on earnings, with Nvidia and key retailers on deck.

Kohl's shares dropped 9.8% as higher gas prices strain household budgets, with the retailer's turnaround efforts under pressure. The stock hit an intraday low of $12.88.

Gap stock closed lower after a robust U.S. jobs report tempered expectations for near-term Federal Reserve rate cuts, with investors shifting focus to upcoming inflation data.