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U.S. stock futures dropped on Monday following Friday’s sharp rebound. Futures of major benchmark indices were lower.

The decline follows a positive close across indices in Asia, with the Nikkei 225 breaking the 57,000-point barrier for the first time, fueled by Prime Minister Sanae Takaichi‘s landslide election victory and a high-profile endorsement from President Donald Trump.

Investors will be on the lookout for a slew of economic data that will be released this week, along with earnings from Coca-Cola Co. (NYSE:KO), McDonald’s Corp. (NYSE:MCD), Ford Motor Co. (NYSE:F), and T-Mobile US Inc. (NASDAQ:TMUS).

Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.50%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.33% at $688.35, while the QQQ declined 0.63% to $605.80.

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00:00All right. Futures up off the lows ahead of Monday's open here. They're actually still
00:15under pressure and down, but near unchanged. And again, up off the lows. S&P futures down 0.01%,
00:23basically at unchanged now after being down earlier. Dow futures down 0.03% and the NASDAQ
00:30leading the way lower at 0.1%. Now, let's take a look at some cues from last session here.
00:37Industrials, energy, and information technology stocks led the S&P 500 gains on Friday,
00:44though consumer discretionary and communication services sectors closed lower against the trend.
00:49We had a pretty huge bump on Friday. You want to call that maybe short covering into the weekend
00:55after the bears won the week prior. Let's see if we get any follow through here today. Again,
01:01a little bit weaker in the pre-market, but coming up off of those lows now. The decline follows a
01:07positive close across the indices in Asia with the Nikkei 225 breaking the 57,000 point barrier for
01:15the first time, which was fueled by Prime Minister Senni Takayashi's landslide election victory and a
01:22high-profile endorsement from President Trump. Investors will be on the lookout for a slew of
01:28economic data that will be released this week, along with earnings from Coca-Cola, McDonald's,
01:33Ford, and T-Mobile. And in fact, there's going to be some more, and we'll take a look at those
01:38as the show goes on here. Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond
01:45was at 3.5%. The CME Group's Fed watch tool projections show that the market is still pricing
01:51in an 84.2% chance of a hold at the next meeting, which is in fact in March. Now, we do have several
02:01stocks in focus here to get you started on this Monday. The first one is going to be strategy,
02:06and the ticker here is MSTR. It continued its drop, falling 3.65% in the pre-market on Monday
02:13following its earnings last week. It did bounce, but it's down here today. It reported a massive
02:18$12.4 billion net loss, driven by mark-to-market Bitcoin declines, which were far worse than
02:26expectations and contributed to heavy stock selling. The question is, is that over? The next stock on our
02:33list here is going to be STM Microelectronics, and the ticker here is an easy one. It's STM.
02:39It jumped 5.93% after securing a multi-billion dollar deal with Amazon's cloud computing arm,
02:47Amazon Web Services. The next stock on our list here is going to be FedEx, and that's ticker FDX,
02:54and it rose 0.47% after a consortium led by it and Advent announces plans to buy in-post for 7.8
03:02billion euro or 9.254 billion USD. The next stock on our list here is going to be Kroger. The ticker
03:10here is KR. Kroger gained 5.33% on news that it is considering former Walmart executive Greg Foran as
03:18its next chief executive officer, so maybe stealing some C-suite talent there from Walmart or Kroger.
03:26The last stock on our list is going to be ON Semiconductor. The ticker here is ON, and it fell
03:311.38% as analysts expect it to post quarterly earnings at $0.62 per share on revenue of $1.54
03:38billion after the closing bell today.
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