The U.S. stock futures are indicating a mostly flat start for Wall Street on Monday, with investors eagerly anticipating a data-packed week. Following a positive momentum from Nvidia last week, market participants are on the lookout for additional catalysts to drive the market higher.

Stock Futures Movement

• S&P 500 futures (ES00, -0.01%) slipped 2.7 points to 5,098
• Dow Jones Industrial Average futures (YM00, -0.09%) fell 49 points, or 0.1%, to 39,139
• Nasdaq-100 futures (NQ00, +0.06%) eased 0.75 point to 17,991.50

Last Week's Performance

On Friday, the Dow Jones Industrial Average rose by 62.42 points, or 0.2%, closing at 39,131.53. The S&P 500 achieved an all-time closing high of 5,088.80 with a gain of 1.77 points. Meanwhile, the Nasdaq Composite fell by 44.80 points to finish at 15,996.82. Overall, all three major indexes posted gains exceeding 1% for the week.

Market Drivers

The significant market surge on Thursday, driven by Nvidia's exceptional results, had a more subdued tone on Friday. The S&P 500 managed to reach a fresh closing high despite the mixed market sentiment following Nvidia's performance. Market Outlook for the Week

"As the earnings season winds down, market participants are turning their attention to monetary policy," noted Charalampos Pissouros, a senior investment analyst. This shift could result in a corrective retreat if Fed officials delay interest rate cuts.

Key Data Points to Watch

The week ahead will feature crucial economic indicators. On Wednesday, the first revision to fourth-quarter GDP will be released. Thursday brings the core reading of the personal-consumption expenditures index, a metric favored by the Federal Reserve.

Insights from Economists

Deutsche Bank's strategists, led by Jim Reid, anticipate a month-on-month core print of 0.36%, marking the highest figure since last January. Despite a slightly lower year-on-year rate of 2.8%, the monthly data will be paramount.

Upcoming Events

Monday kicks off with the release of new home sales data for January at 10 a.m. Throughout the week, investors can expect insights from various Fed speakers.

Stay Informed

Don't miss out on essential updates and analysis during this pivotal week.