U.S. stocks could get off to a tentative start on Monday after investors switched to a risk-on mode last week as the post-election rally lost some of its steam.
Economic data and Federal Reserve chairJerome Powell'scomments about the future of rate cuts put the sentiment on a dampener. Powell said the Federal Open Market Committee (FOMC) is not in a hurry after economic data showed strength.
Expectations of a further 25 basis point rate cut in December have fallen to just 62% now, down from 72% last week, according to CME Group's FedWatch tool.
| Futures | Performance (+/-) |
| Nasdaq 100 | 0.44% |
| S&P 500 | 0.09% |
| Dow Jones | -0.20% |
| R2K | 0.52% |
In premarket...
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