Markets & Geopolitics:

US stocks and bonds fell while Brent crude hovered around $105 due to ongoing US-Iran tensions and fears over potential Federal Reserve interest rate hikes. The S&P 500 erased its monthly gains, and the Nasdaq 100 dropped 1.1%, while 10-year Treasury yields reached near two-decade highs.

Market Imbalances at Close:

S&P 500: -$332M

Nasdaq 100: +$613M

Dow 30: -$251M

Mag 7: +$16M

Nvidia ($NVDA):

Expanded its share buyback program by a record $150 billion, reflecting strong confidence from CEO Jensen Huang.
CEO Jensen Huang is among executives scheduled to attend a Tuesday White House meeting.
AMD ($AMD): Agreed to acquire Fei-Fei Li’s AI startup, World Labs, for $8.2 billion to bolster its hardware roadmap and advance AI computing.
SpaceXAI ($SPCX): Launched "Team Bots" to enable collaborative AI workflows.
Tesla ($TSLA): Postponed its Roadster event due to weather; the new date is set for October 15th.
Tax Scrutiny: Meta (META)and Amazon(AMZN) face inquiries regarding tax breaks linked to their AI investments.

Tensions remain high near the Strait of Hormuz, with warning shots reportedly fired at violating vessels near Qeshm Island.
Disagreements persist over a potential ceasefire or reopening the Strait. Iranian officials noted that the Strait of Hormuz, rather than the nuclear issue, is currently the core focus of talks.
President Donald Trump expressed willingness to lift sanctions and release blocked funds in exchange for concrete nuclear progress.
Iraq's Hezbollah warned that continuing an air embargo on Iran beyond October 1 would trigger border closures with participating nations.
Middle East Diplomacy: UAE President met with Israeli Prime Minister Netanyahu on Sunday, a meeting noted to have taken place with the knowledge and blessing of the US.

UK: The Labour Party announced "GB Grid" to bring public control to Britain's energy system.
Argentina: Planning steps to halt a UK oil project in the Falkland Islands.