Stock Market Today: Dow Jones Futures Drop After Friday's Record Close—STMicroelectronics, Kroger, FedEx In Focus

U.S. stock futures dropped on Monday following Friday’s sharp rebound. Futures of major benchmark indices were lower. The decline follows a positive close across indices in Asia, with the Nikkei 225 breaking the 57,000-point barrier for the first time, fueled by Prime Minister Sanae Takaichi‘s landslide election victory and a high-profile endorsement from President Donald Trump. Investors will be on the lookout for a slew of economic data that will be released this week, along with earnings from Coca-Cola Co. (NYSE:KO), McDonald’s Corp. (NYSE:MCD), Ford Motor Co. (NYSE:F), and T-Mobile US Inc. (NASDAQ:TMUS). Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.50%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in March. The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.33% at $688.35, while the QQQ declined 0.63% to $605.80. Read More: