United States equity futures were trading mixed late Monday (Tuesday AEDT), with investors cautious after back-to-back weekly declines across major benchmarks.
By 10:20 am AEDT (11:20 pm GMT), Dow futures and S&P 500 futures were up 0.2% apiece, while Nasdaq 100 slipped 0.1%.
U.S. stock and bond markets remained closed on Monday for the President’s Day public holiday.
Wall Street is coming off another negative week, as concerns over artificial intelligence-driven disruption weighed on sentiment across sectors, including real estate, trucking and financial services.
The S&P 500 and the Dow Jones Industrial Average each fell more than 1% last week, while the tech-heavy Nasdaq Composite dropped more than 2%.
The Dow and S&P 500 have now posted four losing weeks out of the past five. The Nasdaq recorded its fifth consecutive weekly decline, marking its longest losing streak since 2022.
Investor unease over artificial intelligence’s potential to disrupt established business models appeared to overshadow a softer-than-expected January consumer price index (CPI) reading released on Friday.
The headline CPI print came in below forecasts, offering tentative signs of easing inflationary pressure.
Attention now turns to fresh inflation data and central bank signals. The personal consumption expenditures report, the Federal Reserve’s preferred inflation gauge, is due on Friday and is expected to provide further clarity on price trends.
Additionally, minutes from the Federal Reserve’s latest policy meeting will be released on Wednesday (Thursday AEDT), potentially offering additional insight into the central bank’s thinking on interest rates.
On the corporate front, Palo Alto Networks is set to report earnings after the close on Tuesday (Wednesday AEDT). Results from DoorDash, Walmart and Wayfair are scheduled for later in the week.
