Stock futures fall slightly after Dow's worst week since October: Live updates

Dow Jones Industrial Average futures dipped 21 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures declined 0.17% and 0.38%, respectively.

Investors took profits in some market leaders as exceedingly high valuations have many concerned stocks could be due for a pullback after this year's rally. Five of theThe February jobs data on Friday also gave investors mixed signals as to when the Federal Reserve could be expected to cut interest rates. While the U.S.

"We aren't counting on the Fed to cut rates at its meeting later this month," wrote Mike Dickson, head of research at Horizon Investments."Given this recent spike, we expect the Fed to hold off until it sees at least three consecutive months of lower core services inflation. That means June at the earliest—and later in 2024 if services inflation stays sticky."

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