US stock futures edged lower Sunday evening as traders caught their breath following a milestone week that saw the Dow Jones Industrial Average and S&P 500 notch fresh all-time highs.
Dow futures (YM=F) slid 65 points, or 0.1%. Contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were off 0.1%.
The slight pullback comes after a strong week across the board. The S&P 500 (^GSPC) advanced 1.2% while the Dow (^DJI) gained 1%. The Nasdaq (^IXIC) outperformed with a 2.2% jump.
The rally followed the Federal Reserve’s quarter-point rate cut in its first since December. The move, widely expected, initially rattled markets but ultimately reassured investors that policymakers are leaning dovish as labor market signals weaken.
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 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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