United States stock futures were little changed on Sunday night (Monday AEDT), as investors prepared for a busy week of economic data following a mixed performance on Wall Street and a continued rotation out of technology stocks.
By 10:30 am AEDT (11:30 pm GMT), Dow futures ticked up 0.1%, S&P 500 futures were little changed, while Nasdaq-100 futures eased 0.2%.
The subdued start follows a negative session for major benchmarks on Friday, as investors rotated away from high-valuation technology names.
For the week, the S&P 500 fell 0.6%, while the Nasdaq dropped 1.7%. In contrast, the Dow Jones Industrial Average, which has less exposure to the technology sector, rose 1.1% over the period.
Technology stocks were under particular pressure, with Oracle shares sliding 12.7% for the week and Broadcom shedding more than 7%.
The broader technology sector within the S&P 500 declined 2.3%, underscoring the scale of the rotation away from artificial intelligence-related names.
Attention now turns to a packed week of U.S. economic data, which could help set the tone for markets into year-end.
November nonfarm payrolls figures are due for release on Tuesday, alongside October retail sales data, both of which were delayed due to the U.S. government shutdown earlier in the year.
Later in the week, investors will also focus on the release of the November consumer price index, which is expected to provide fresh insight into inflation trends and the outlook for U.S. monetary policy.
