Nvidia Earnings on Tap Amid Rising US-Iran Tensions

U.S. stock futures retreated early Monday after wrapping up a record-setting week.

The cautious tone comes ahead of one of this week's biggest catalysts: NVDA's earnings on Wednesday.

Nvidia is expected to report another strong quarter, but some skepticism remains following the company's recent AI-driven rally.

Meanwhile, retail sentiment around SPY and QQQ is 'extremely bullish', with traders holding positions ahead of Nvidia's quarterly report.