Futures Flat, Erase Overnight Losses As Nervous Traders Brace For Key Week

Market Overview - S&P futures are unchanged, with Nasdaq futures dipping 0.2%, indicating a continuation of last week's volatility focused on AI impacts [1][4] - The yield on 10-year Treasuries rose by three basis points to 4.24% after reports of China advising banks to limit Treasury exposure, potentially increasing the risk of a "Sell America" trade [1][17] - The dollar decreased by 0.3%, which supported gold and silver prices, while Bitcoin fell below $69,000 [1][19] Corporate News - Nvidia-backed Firmus Technologies secured a $10 billion loan from Blackstone-led funds to enhance its data center rollout [3] - Cleveland-Cliffs (CLF) shares fell 3% after its fourth-quarter adjusted EBITDA missed analyst estimates [5] - Eli Lilly (LLY) shares rose 1% following its agreement to acquire Orna Therapeutics for up to $2.4 billion [5] - Hims & Hers Health (HIMS) shares tumbled 20% after announcing it would stop selling a copycat version of the Wegovy weight-loss pill [5] - Kroger Co. (KR) shares increased by 5% after naming Greg Foran as CEO [5] - Kyndryl Holdings (KD) shares plummeted 40% after reporting adjusted earnings per share that missed estimates [5] - Li Auto's ADRs (LI) fell 3% after a downgrade from JPMorgan due to competitive pressures in the EV market [5] - Monday.com (MNDY) shares dropped 14% after providing revenue guidance that missed analyst expectations [5] - SoFi Technologies (SOFI) shares gained 3% following an upgrade from Citizens [5] - Tegna Inc. (TGNA) shares rose 9% after receiving support for a proposed acquisition by Nexstar Media Group [5] Economic Data and Predictions - The upcoming employment report is expected to show a payroll increase of 69,000 in January, the best in four months, with a notable revision to previous payroll growth expected [9] - CPI data may show lukewarm results due to offsetting price changes in cars and medical commodities [9] - Goldman Sachs predicts continued choppy trading in stocks, with systematic strategies expected to be net sellers, potentially triggering about $33 billion in selling this week [4]