March S&P 500 E-Mini futures and Nasdaq 100 E-Mini futures are down this morning, signaling a lower open on Wall Street due to selling pressure in risky assets. Gold and silver prices dropped, with gold down more than -3% after sliding as much as -10%, and silver down more than -3% after sliding as much as -16% on Monday. Oracle and Nvidia stocks fell in pre-market trading due to cloud infrastructure expansion plans and investment commitments. Investors await corporate earnings reports, Federal Reserve remarks, and U.S. labor market data this week. In Friday’s trading session, major equity averages ended in the red, with chip and mining stocks plummeting. Economic data released on Friday showed higher-than-expected producer price index and core PPI. Fed officials expressed caution on further interest rate cuts. The U.S. government partially shut down over the weekend, expected to be short-lived. Corporate earnings season continues this week, with Alphabet, Amazon, and other major companies set to report. Investors await the U.S. January Nonfarm Payrolls report and other key economic data releases. Fed officials will make appearances throughout the week. Today, focus is on the U.S. ISM Manufacturing PMI and S&P Global Manufacturing PMI. In the bond market, the yield on the 10-year U.S. Treasury note is down. The Euro Stoxx 50 Index is down, with Eurozone factory activity remaining in contraction territory. Germany’s Retail Sales and Eurozone’s Manufacturing PMI data were released today. Asian stock markets closed lower, with China’s Shanghai Composite Index and Japan’s Nikkei 225 Stock Index down. China’s Shanghai Composite Index plunged due to a regional sell-off and disappointing economic data, while Japan’s Nikkei 225 reversed earlier gains and closed lower. Pre-market U.S. stock movers include chip stocks, Oracle, Nvidia, and cryptocurrency-exposed stocks. Palantir Technologies rose in pre-market trading after an upgrade. Today’s U.S. earnings spotlight includes Palantir, Walt Disney, and other major companies reporting.

Read more at Yahoo Finance: Stocks Set to Open Lower as Risk Sentiment Weakens, U.S. Jobs Data and Earnings in Focus