US stock futures closed mixed as investors shifted away from high-value technology stocks to more affordable segments of the market.
The Dow Jones Industrial Average rose 0.1% to 48,525.0 points, the S&P 500 was flat at 6,830.0 points, while the tech-focused Nasdaq fell 0.2% to 25,174.50 points.
In other developments, Oracle shares fell 12.7% and Broadcom fell 7.8% last week as concerns over the profitability and sustainability of investments in artificial intelligence (AI) grew.
Oracle's deal with OpenAI also added to market uncertainty after the AI startup accounted for a large portion of the company's future earnings commitments.
Meanwhile, further inflation cuts are expected to raise bets on more interest rate cuts by the Fed.
The central bank cut interest rates by 25 basis points last week as expected, stressing that the next rate decision will depend on the direction of the US economy.
Investors are also reassessing the direction of further interest rate cuts by the Federal Reserve (Fed) next year.
Market focus this week will be on the November Personal Consumption Expenditures (PCE) Index data due on Thursday.
At the same time, several major companies such as Micron Technology, Nike, FedEx, CarMax and Carnival are due to release their respective earnings reports.
