U.S. stock index futures fell on the evening of February 29 after Wall Street recorded a rally throughout the session as lower inflation expectations boosted expectations of a 2024 rate cut.。

On expectations, January's PCE price index data, the Fed's preferred indicator of inflation, fell slightly, triggering speculation that the Fed might start cutting rates in June, which in turn led to a rally on Wall Street.。

However, with inflation still significantly above the Fed's 2% annual target, the timing of any potential rate cut remains uncertain.。A wave of Fed members reiterated their ongoing concerns about inflation, while the Chicago Mercantile Exchange's (CME) FedWatch tool showed only a slight increase in the June rate cut.。

S & P 500 futures down 0 as of 18: 42 EST (23: 42 GMT).2% to 5095.00 points, Nasdaq 100 futures down 0.2% to 18049.50 points。Dow futures down 0.1%, to 38991.0 point。

On the same day, Wall Street indexes rose as investors bought into tech giant stocks that have been showing some consolidation this week, with the Nasdaq leading the month-end close。Shares of Nvidia Inc. (NASDAQ: NVDA) rose 1 percent throughout the trading day..9%。

The tech rally has been a major driver of Wall Street's rally over the past four months, with growing optimism that demand for artificial intelligence will propel the sector.。

On the day, the S & P 500 rose 0.5%, to a record 5096.27-point close, Nasdaq up 0.9%, to a record 16,091.92-point close, Dow Jones industrial average up just 0.1%, to 38996.39 points。Declines at Wal-Mart Inc. (NYSE: WMT) and Boeing Co. (NYSE: BA), which were hurt by disappointing results from other retailers and reports that Boeing was investigated by the U.S. Department of Justice, were a drag on the Dow's gains.。

The three major U.S. stock indexes also rose 1 in February..9% to 6.5%, marking their fourth consecutive month of gains。

Dell Inc (NYSE: DELL) up about 18% on better-than-expected profits and forecasts; Net App Inc (NASDAQ: NTAP) up 15% on positive 2024 expectations; Fisker Inc (NYSE: FSR) down 35% on serious doubts about its ability to remain solvent。The company announced it would cut 15 percent of its workforce and is in talks with a major automaker about a possible investment.。