Stock futures fell Wednesday, putting Wall Street on track for another choppy session, after the Nasdaq Composite registered its worst daily decline in nearly three months. Futures tied to the Dow Jones Industrial Average slipped 98 points, or 0.3% while S&P 500 futures and Nasdaq-100 futures lost 0.3% and 0.5% respectively. The Nasdaq on Tuesday dropped more than 1.6% for its worst day since October, dragged down by major technology stocks and a nearly 4% decline in Apple after Barclays downgraded the iPhone maker. Apple shares dipped another 0.5% in the premarket Wednesday. Investors appeared to be selling last year’s tech winners, which soared in as the market anticipated easing monetary policy in 2024. But with the economy still on shaky ground and remaining uncertainty around when the Federal Reserve will finally begin cutting rates, investors seem to have curbed their enthusiasm. Fellow tech stalwarts and “Magnificent 7” members Nvidia, Tesla and Meta all lost more than 1% in Wednesday’s premarket trading. This pullback also comes as the U.S. 10-year Treasury hones in on the key 4% mark again, last trading around 3.98%. “Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” Steve Eisman, a senior portfolio manager at Neuberger Berman profiled in “The Big Short” told CNBC’s “Fast Money” on Tuesday. Short-term corrections are nothing out of the ordinary in a market that’s coming off of fresh highs and entering primary season, he added, noting that the longer-term setup looks positive on a six- to twelve-month horizon. The market’s coming off a breathtaking year that saw all the major averages bounce back from a devastating 2022. The S&P 500 surged more than 24% and capped off its longest weekly winning streak since 2004, while the Nasdaq jumped 43% for its best year since 2020.  Traders will receive clues Wednesday on the state of the economy and where Federal Reserve policy could head to next. Minutes from the Fed’s December policy meeting are due out Wednesday. The job openings report for November and December’s ISM manufacturing data are also due. Outback Steakhouse owner Bloomin’ Brands jumped more than 4% after it added two new members to its board. The additions are in accordance with an agreement Bloomin’ reached with activist investor Starboard Value. U.S. Treasury yields rose on Wednesday as investor attention turned to economic reports due this week that could provide insights into the labor market and hints about the outlook for interest rates. The 10-year Treasury was up by 3 basis points at 3.974%, closing in on the 4% mark again. The 2-year Treasury yield was last trading at 4.347% after rising by nearly 2 basis points. Asia-Pacific markets fell Wednesday, with stocks in South Korea and Taiwan leading declines as major tech firms including chipmakers came under pressure after Barclays downgraded Apple. Apple shares dropped 4% on Tuesday, after Barclays cut the iPhone maker’s rating to underweight and trimmed its price target to $160 from $161. Apple suppliers in major Asia markets fell, weighing down indexes in Taiwan and South Korea. South Korea’s Kospi closed 2.34% lower at 2,607.31, while the small-cap Kosdaq fell 0.84% to end at 871.57. Most technology and chip stocks including Samsung Electronics, LG Corporation and SK Hynix fell about 3% each. The Taiwan Weighted Index closed 1.65% lower at 17,559.31, with shares of Taiwan Semiconductor Manufacturing Company down 2.53% and Hon Hai, also known as Foxconn, falling 0.48%. In Australia, the S&P/ASX 200 retreated 1.37% after hitting an all-time high on Tuesday, closing at 7,523.2. Hong Kong’s Hang Seng index fell 0.94%, while China’s CSI 300 closed 0.24% lower at 3,378.30. Japan’s markets are closed until Thursday. A Japan Airlines flight collided with a coast guard aircraft at Tokyo’s Haneda airport on Tuesday, causing five deaths. Oil prices were little changed Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea. Brent crude was flat at $75.89 a barrel, while U.S. West Texas Intermediate crude futures slipped 10 cents, or 0.11%, to $70.28 a barrel. Gold prices slipped to their lowest in a week on Wednesday as the dollar firmed, while investors looked ahead to the release of minutes from the Federal Reserve’s latest policy meeting and U.S. jobs data for more clarity on potential interest rate cuts. Spot gold was down 0.3% to $2,053.10 per ounce. U.S. gold futures were down 0.5% to $2,062.20 per ounce.