The trader works on the floor of the New York Stock Exchange during the morning trading of February 19, 2025.
Michael M. Santiago | Getty Images News | Getty Images
S&P 500 Futures The Broad Market Index was unable to recover from last week's sale and was near the flatline on Monday evening after notching its third session with The Red.
Futures tied to the S&P 500 Nasdaq-100 Futuresabout 0.1% higher in inches. Futures linked to the Dow Jones Industrial Average Rose 57 points, or 0.1%.
Shares of major tech companies were cut during regular trading on Monday S&P 500 and Nasdaq Composite To lose session. Playing Defense Technology and Artificial Intelligence Palantir The decline last week was down more than 10%, Microsoft It lost 1% shortly after TD Cowen, indicating that the company is cutting its data center spending. nvidia He also dropped out 3% ahead of the scheduled quarterly results on Wednesday after the bell.
The decline in tech names on Monday also attracted Nasdaq composites to negative territory.
“The market investors are wider and want to believe that AI trade is over. They are looking for evidence. [and] The reason for doubt is Doug Clinton, managing partner at Deepwater Asset Management, said in CNBC's “Closing Bell” on Monday. I don't think this boom is over. I think there will still be 2-4 years. ”
In addition to Nvidia's revenue this week, Wall Street is looking forward to a batch of other important results. Home Depot It will be released before Tuesday's opening bell.
On the economic front, investors are also paying attention to the latest US consumer trust data, scheduled to be released at 10am on Tuesday. The economist voted by Dow Jones hopes the Conference Committee's Consumer Trust Index will show a reading of 102.3 for February.
The report comes ahead of many other economic data releases later in the week, including Friday's Personal Consumption Expense Price Index. PCE is the Federal Reserve priority inflation gauge.
