From Nasdaq:

This morning, March S&P 500 E-Mini futures and March Nasdaq 100 E-Mini futures are down as investors await the release of the Federal Reserve’s latest policy meeting minutes and earnings from Nvidia.

In Friday’s trading, Wall Street’s major averages ended lower, with Roku Inc, DoorDash Inc, and Nike Inc all dropping. However, Applied Materials Inc posted upbeat Q1 results and strong Q2 guidance.

Meanwhile, U.S. January producer price index came in at +0.3% m/m and +0.9% y/y, economic data shows.

Federal Reserve officials have expressed caution about implementing interest rate cuts, with U.S. rate futures pricing in an 8.5% probability of a 25 basis point rate cut at the end of the Fed’s March meeting.

This week, several notable companies, including Walmart, Home Depot, and NVIDIA, are due to report earnings. The release of the Federal Reserve’s minutes from the January meeting and a spate of economic data releases are also on the schedule.

In the bond markets, United States 10-year rates are at 4.279%, down -0.32%. The Euro Stoxx 50 futures are down -0.06%, following a cautious sentiment gripping global markets despite recent efforts to bolster China’s property market.

Asia, China’s Shanghai Composite Index closed up +0.42% today after the nation’s largest-ever cut in the benchmark mortgage rate aimed to support the economy. Japan’s Nikkei 225 Stock Index closed down -0.28%.

Pre-market U.S. stock movers today include Discover Financial Services, Intel Corporation, Tesla Inc, Caterpillar Inc, and Southwest Airlines Company.

Today’s U.S. earnings spotlight includes Walmart, Home Depot, Palo Alto Networks, Medtronic, and numerous other companies.



Read more: Stocks Set to Open Lower as Investors Await FOMC Minutes and Nvidia Earnings