From Nasdaq:

Wall Street indexes set to open lower after recent rally, amid expectations for slow start to interest-rate cuts. Megacap stocks slip in premarket, while Nvidia gains. Inflation reports due later in the week to provide clues on interest rate trajectory. U.S. Treasury yields tick over 4% on interest rate expectations.

Market participants see 58% chance Fed could slash rates by at least 25 basis points in March, down from nearly 64% on Monday. Policymakers mixed on timing of rate cuts. Fed Vice Chair Michael Barr, earnings reports, and Boeing’s probe into recent mishap also in focus. Carriers and tech companies among those in the spotlight.

Dow e-minis down 0.44%, S&P 500 e-minis down 0.51%, and Nasdaq 100 e-minis down 0.77% at 8:42 a.m. ET. Juniper Networks surges 20.6% after Hewlett Packard Enterprise in talks to buy company in a $13-billion deal. Jefferies Financial drops 2.9% after reporting smaller-than-expected Q4 profit. Netflix drops 1.7% after Citi downgrade.

Ride-hailing platforms Lyft and Uber dip after US Department of Labor issues final rule forcing companies to treat some workers as employees. Revenue growth slowing for large tech companies, market strategist says. Data onconsumer and producer inflation crucialfor clues on Federal Reserve’s monetary policy trajectory.



Read more: US STOCKS-Wall St set for breather post rally; inflation data on tap