On Sunday (March 10) evening, U.S. stock index futures fell slightly, extending Wall Street's decline, the technology sector was hit by profit-taking, the focus of the market turned to the upcoming release of key inflation data。

Profit-taking in the tech sector, especially the decline in Nvidia (NASDAQ: NVDA), led to a sharp pullback in Wall Street indices on Friday (March 8), down from a record high.。

The mixed performance of the employment data showed that non-farm payrolls rose more than expected in February and came after a series of relatively hawkish interest rate signals from the Federal Reserve, also reinforcing market caution.。

S & P 500 futures down 0 as of 19: 04 ET (23: 04 GMT).2%, to 5,183.25 points, Nasdaq 100 futures down 0.4%, to 18,228.50 points, Dow Jones futures down 0.1%, to 39,161.0 point。

Consumer price index data will trigger further rate cut hints。The market is waiting for the upcoming release of key consumer price index (CPI) inflation data to provide further clues on US interest rates and economic trends.。The data is expected to show inflation easing after two months of high CPI readings, though core data is expected to remain well above the Fed's annual 2% target.。

Fed Chair Jerome Powell, along with many other central bank officials, said last week they were still looking for further evidence to determine whether inflation was weakening before considering a rate cut.。The trend has hit Wall Street, though, and stocks tumbled on Friday after Minneapolis Fed President Neil Kashkari predicted only one or two rate cuts in 2024。

On Friday, the S & P 500 fell 0.7% to 5,123.69 points, Nasdaq composite down 1.2%, to 16,085.11, Dow Jones industrial average closes down 0.2% to 38,722.69 points。

Wall Street indexes also posted weekly declines last week, adding to worries about whether February's strong rally is losing momentum.。

Growth in tech stocks, fueled by the AI boom, has also been a major driver on Wall Street over the past month, especially as investors have poured into Nvidia and other chipmakers.。However, Nvidia's fall on Friday raised concerns about how long the rally could last, especially given the continuing uncertainty over the fate of US interest rates.。