US stock futures were little changed at the beginning of the week's trading, after the S&P 500 index snapped a nine-week winning streak.
Dow Jones futures fell 38 points, or 0.1%. While S&P 500 and Nasdaq futures rose by 0.02% and 0.05%, respectively.
The Dow Jones Industrial Average fell 1.5% last week, and the S&P 500 fell 0.6%. The Nasdaq Composite Index had its worst weekly performance since September, falling 3.25%.
Markets consolidated after a year-end rally, following a dovish shift from the Federal Reserve, with investors concerned that stocks were now overbought.
Adding to these concerns was the higher-than-expected December jobs report, as well as Federal Reserve meeting minutes that indicated increasing uncertainty about the path of interest rate cuts.
This week, traders will get greater clarity on the path of interest rate cuts from the central bank; The December CPI is due Thursday, while the Producer Price Index is due on Friday, and will show whether the Fed's efforts to cut inflation to 2% are taking hold.
