From Nasdaq:

Wall Street’s main stock indexes are expected to open subdued as investors await inflation reports and earnings from major lenders later in the week. Expectations for a 25-basis-point rate cut in March have been scaled back to near 66%, down from around 86% in the last week of 2023, as per the CME FedWatch Tool.

Chip stocks Nvidia, AMD and Intel gained after TSMC, the world’s largest contract chipmaker, beat fourth-quarter revenue expectations. Crypto stocks including Coinbase, Bitfarms and Riot Platforms fell between 2.8% and 3.0%, as prices of Bitcoin dipped after the U.S. SEC said a fake social media message was posted regarding the approval of exchange traded funds.

Futures are flat ahead of open and the fourth-quarter profits of banking giants JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are expected to be lower as they set money aside to cover souring loans and paid more to depositors.

DocGo dropped 14.0% after Fuzzy Panda Research revealed a short position in the health services company’s stock. Intuitive Surgical climbed 5.0% after the medical device maker’s preliminary fourth-quarter revenue beat estimates.



Read more: Wall Street poised for muted open ahead of inflation data, earnings