US stock futures edged lower on Monday as traders caught their breath following a milestone week that saw the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) notch fresh all-time highs.
Futures on the Dow (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) were all about 0.3% lower.
The slight pullback comes after a strong week across the board for stocks, following the Federal Reserve’s quarter-point cut to interest rates last week. The widely expected move — the Fed’s first cut in 2025 — has sparked debate on Wall Street over whether it could spark a destabilizing rally without addressing recent weakness in the labor market.
This week, investors will get a fresh read on the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index. Economists expect the report to reflect sticky pricing pressures, though still come in tame enough to keep the central bank on its current policy track.
Earnings continue to be reported this week, albeit with a vastly reduced slate of companies. Eyes will be on Micron Technology (MU), where investors will watch for updates on AI-driven demand and revenue guidance after a recent raise, and on Costco (COST), a stalwart measure of consumer spending patterns.
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