From Nasdaq:

U.S. stock index futures dipped ahead of key inflation data, with Dow down 0.41%, S&P down 0.49%, and Nasdaq down 0.67%. The PCE index is expected to show monthly price increases in January. Traders have delayed bets on the first interest rate cut as evidence of stubborn inflation and a strong economy persists.

Investors are waiting on U.S. Q4 GDP data and Federal Reserve comments. Atlanta Fed President Raphael Bostic and New York Fed President John Williams are slated to speak. Attempt to avert a government shutdown is ongoing. Pre-market trading saw megacap stocks slide, with Nvidia and Applied Materials falling.

Beyond Meat surged 55.3% while Bumble slid 9% on differing quarterly results. Coinbase Global, Marathon Digital, and Riot Platforms saw gains as bitcoin climbed toward $60,000. Quarterly results propelled eBay and First Solar shares to rise. Airbnb reported profit in Q4. Semiconductor equipment supplier Applied Materials slid 3.1% due to a subpoena.



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