Nvidia Earnings and US Economic Data Set to Drive Market Direction

The U.S. stock market is gearing up for a busy week of earnings and economic data releases, with tech stocks taking center stage.

Nvidia's fiscal second-quarter results are set to be announced on Wednesday, with analysts projecting the company's quarterly revenue to near $92 billion - nearly twice what it was a year ago.

The Nasdaq 100 futures fell by almost 0.68% as of 07:28 EDT, indicating that investors are scaling back technology exposure rather than exiting equities as a whole.

The Dow E-mini futures dropped 128 points, or 0.24%, while the S&P 500 E-mini declined by 21.25 points, or 0.28%.