Futures trading showed minimal movement Sunday evening after a volatile week on Wall Street, marked by a shift from high-growth technology stocks toward sectors with lower price-to-earnings ratios. Investors are preparing for a series of major U.S. economic indicators due this week, which could influence Federal Reserve policy decisions. n nDow Jones Industrial Average futures saw a slight decline, while S&P 500 futures dropped 0.1% and Nasdaq-100 contracts slipped 0.2%. n nThe prior week ended with losses in the S&P 500 and Nasdaq Composite, as investor interest moved away from artificial intelligence-related equities. Oracle and Broadcom led the retreat in tech, contributing to a 2.3% drop in the S&P 500’s technology segment. The broader index declined 0.6%, while the Nasdaq lost 1.7%. In contrast, the Dow climbed 1.1%, benefiting from its lower concentration in tech firms. n nOracle’s stock fell 12.7% over the week, its weakest performance in over seven years, while Broadcom dropped more than 7%. n nEd Yardeni, president of Yardeni Research, noted that competition in the AI space may dilute the dominance of the so-called ‘Magnificent Seven’ stocks by 2026. He suggested that the remaining 493 companies in the S&P 500 could gain as innovation spreads and market dynamics evolve. n nUpcoming data releases are expected to shape market sentiment. The November nonfarm payrolls report is scheduled for Tuesday, along with October’s retail sales figures. These were delayed due to a partial U.S. government shutdown in the fall. n
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Stock futures are little changed as big week of economic data kicks off: Live updatesn
Stock futures were little changed on Sunday night following a mixed week on Wall Street amid a big rotation out of tech and into parts of the market trading at lower valuations. Traders also braced for a slew of U.S. economic data reports ahead this week. n nDow Jones Industrial Average futures fell marginally. Futures tied to the S&P 500 fell 0.1% while Nasdaq-100 futures dipped 0.2%. n nThose moves come after the S&P 500 and Nasdaq Composite fell last week, as Oracle and Broadcom led a rotation away from artificial intelligence. The S&P 500 lost 0.6% last week, while the Nasdaq shed 1.7%. The Dow, which is less exposed to tech and AI than the other two benchmarks, rose 1.1%. n nOracle plunged 12.7% for the week, while Broadcom shed more than 7%. The S&P 500 tech sector dropped 2.3%. n n”The S&P 500 ‘s Magnificent-7 might be less magnificent in 2026 as their fierce competition in the AI race starts to erode the monopolies they have enjoyed,” wrote Ed Yardeni, president of Yardeni Research. “The beneficiaries of that competition are likely to be the S&P 500 ‘s Impressive 493.” n nEconomic data reports could set the tone for the market in the week ahead. n nNovember nonfarm payrolls figures are set for release Tuesday, along with October retail sales figures. These reports were delayed due to the U.S. government shutdown that took place in the fall.