Dow Jones and Nasdaq set to retreat from highs after AI overreaction

US futures dropped into the red on Monday morning, reversing some of their strong relief rally gains from the end of last week, ahead of a new stack of economic data in the coming days. Apart from consumer inflation expectations, there is no data today, but later on in the week there will be retail sales, mortgage application and January's delayed non-farm payrolls release. Nasdaq futures were down 0.5%, with those for the S&P 500 and Dow Jones down 0.3% and 0.2%, retreating from the highs seen at the end o ...