U.S. stock futures declined on Monday, poised to continue the previous week’s losses as investors awaited fresh inflation data.
Dow Jones Industrial Average futures were down 75 points, or 0.2%. Meanwhile, both S&P 500 futures and Nasdaq-100 futures dropped 0.1%.
In premarket trading, Nvidia saw a loss of more than 1% on Monday. Although the artificial intelligence stock had closed the previous week with gains, Friday’s decline of over 5% was its largest single-day drop since late May.
This downward trend follows a week of losses for the major market indices. The Dow Jones Industrial Average fell by 0.9%, marking its worst performance since October. The S&P 500 retreated by 0.3%, and the Nasdaq Composite tumbled 1.2%.
Traders are gearing up for the release of February’s consumer and producer price indexes, scheduled for Tuesday and Thursday, respectively. These reports are significant as they are among the final major economic indicators before Federal Reserve policymakers meet in March to discuss monetary policy.
Source (CNBC)
