Bloomberg

US stock futures fell as traders braced for jobs data that will be critical in determining the health of the US economy and the size of a Federal Reserve interest rate cut later this month.

With domestic and international attention focused on Israel’s war in Gaza and escalating tensions with Hezbollah, Prime Minister Benjamin Netanyahu’s administration has stalled discussions on next year’s budget — set to be the most challenging and crucial in decades.

Stock traders gearing up for Federal Reserve rate cuts sent tech megacaps sinking, with Wall Street also awaiting Nvidia Corp.’s results this week.