Investing.com — U.S. stock index futures were little moved Monday night, steady after a sell-off in tech stocks sent Wall Street off record highs, with attention remaining on key inflation data coming up. .
Risk sentiment was also volatile due to heightened geopolitical uncertainty over regime change in Syria following the overthrow of Bashar al-Assad's regime, which had ruled for more than 20 years.
By 18:27 ET (11:27 JST), it was down 0.1% to 6,061.75 points, and down 0.1% to 21,476.0 points. Stable at 44,469.0 points.
CPI data awaits further interest rate indicators
This week's focus will be on consumer price index inflation data released on Wednesday, which is expected to show that inflation continues to pick up in November.
is expected to rise slightly from 2.6% to 2.7% year-on-year, while excluding variable items is expected to remain at 3.3%.
Although inflation had been steadily declining in early 2024, it has become more sticky in recent months due to the resilience of the US economy, creating some uncertainty on the interest rate outlook.
Markets are still awaiting the Federal Reserve's decision next week. However, the long-term outlook for interest rates has become even more uncertain with the addition of expectations for inflation policy under President-elect Donald Trump.
Nvidia and Oracle losses weigh on tech stocks
After strong gains in recent weeks, technology stocks were the biggest drag on Wall Street on Monday, with NVIDIA Corporation (NASDAQ:) among the biggest losers.
Nvidia fell 2.6% during Monday trading and was down 0.6% in aftermarket trading following reports that China is investigating the company over antitrust concerns.
Oracle Corporation (NYSE:) is down nearly 8% in aftermarket trading after the cloud company's quarterly profit fell well short of street expectations as competition intensifies in the space from heavyweights such as MSFT and AMZN It has fallen.
The company is expected to benefit from growing demand in the artificial intelligence industry, but Monday's failure suggested earnings may not be as strong as investors had hoped.
The loss in the high-tech sector was 6,052.85 points, down 0.6%, and 19,741.30 points, down 0.6%. It fell 0.5% to 44,401.93 points.
Some after-hours moving companies Mongo DB (NASDAQ:) Soared 10% after better-than-expected quarterly profits.
C3.ai Inc (NYSE:) rose 15% after its quarterly profit beat expectations on strong AI-powered demand.
Eli Lilly & Company (NYSE:) rose 0.8% after announcing a new $15 billion share buyback and dividend increase.
