US stock futures edged lower on Monday following a turbulent week that ended with the Dow Jones Industrial Average above 50,000. Dow futures crept into the red while S&P 500 futures nudged down 0.1% and Nasdaq 100 futures fell roughly 0.3%. The moves hint at lingering tech unease as Wall Street continues to debate the AI disruption risk to legacy software companies.

Despite stocks' Friday rally, the Nasdaq booked its fourth weekly loss thanks to the heavy tech-led sell-off. Elsewhere, China is said to have urged its banks to pare their holdings of US bonds, pushing the 10-year Treasury yield to around 4.23%. Treasury Secretary Scott Bessent has blamed 'unruly' trading in China for last week's wild swings in gold, which climbed above $5,000 an ounce on Monday as dip-buyers returned.

Markets are watching and waiting as they head into a week bringing the January jobs report on Wednesday and the consumer price index report on Friday. The two readings will likely shape expectations for the path of interest rates from the Federal Reserve. But those calculations may need to account for how the central bank's policy could evolve under Kevin Warsh, the former Fed governor backed by President Trump to succeed Chair Jerome Powell. Earnings from Coca-Cola, McDonald's, Cisco, and ON Semiconductor highlight the week.