Wall Street set for flat open as caution prevails in data-packed week

Wall Street’s main indexes were set for a flat open on Monday, with focus on a slew of economic data this week, while Intel shares rose after its CEO retired following its struggles to keep up in the market for AI chips.

This week’s centerpiece would be the November nonfarm payrolls report due on Friday, a key metric in also gauging the state of the labor market.

Traders currently see a more than 65% chance of the Fed opting for a 25-basis-point rate cut when it meets later this month, compared to a near 83% chance seen a month prior, as per CME’s FedWatch Tool, on the back of data pointing to a resilient economy.

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