U.S. equity futures nudged lower Monday morning as investors awaited critical economic data and another batch of earnings reports following a volatile week that ended with the Dow Jones Industrial Average reaching a key milestone. S&P 500 futures traded down 0.2%, while Nasdaq 100 futures lost 0.3%. Futures tied to the Dow Jones Industrial Average were off by 37 points, or 0.1%. The moves come after the major averages bounced back Friday following sizable losses suffered earlier in the week. The rout was sparked by a sell-off in the tech sector, led by software stocks. Bitcoin also plunged before recovering some as investors took a risk-off posture. In the prior session, the 30-stock Dow Jones Industrial Average surged 1,200 points, or about 2.5%, to score its first close above 50,000 after hitting that level for the first time earlier in intraday trading. The S&P 500 rose about 2% and the Nasdaq Composite finished more than 2% higher. Bitcoin broke back above $70,000 on Friday after sinking below $61,000 Thursday night, while software stocks such as Salesforce finished higher. Overall, the iShares Expanded Tech-Software Sector ETF (IGV) jumped 3.5%, marking the fund’s first day of gains since the end of last month, when it entered bear market territory. “After an eight-day losing streak, buyers finally stepped back into the software space on Friday, underpinning a much-needed relief rally as the tech sector approached key support near the November lows,” said Adam Turnquist, chief technical strategist at LPL Financial. “While this marked a step in the right direction, the broader tech complex remains rangebound until it can decisively break above the December highs.” “For the broader market to make sustainable progress, renewed tech participation will likely be essential,” he also said, adding that he anticipates the S&P 500 will have some trouble reaching 7,000 without more participation from tech, especially software. The economic docket is light Monday, though several Federal Reserve officials, including Governors Christopher Waller and Stephen Miran, will speak later in the day. On Wednesday, investors will be watching for the delayed January jobs report from the Bureau of Labor Statistics. The release was initially scheduled for last Friday but was postponed due to the partial government shutdown. It also comes after ADP reported last week that private payrolls increased by a mere 22,000 in January, well below expectations. Economists polled by Dow Jones anticipate the closely watched jobs report will show a gain of 55,000 in January. The January consumer price index reading — which was also delayed by the shutdown — is due out Friday, with the consensus looking for a 2.5% annual rate. The market’s recent rotation out of tech could play out again this week, if the week’s earnings releases are favorable. Coca-Cola and Ford Motor are both slated to report on Tuesday. U.S. Treasury yields were up to begin the week as investors looked ahead to a flurry of economic data, including the delayed January jobs report. At 2:48 a.m. ET, the 10-year Treasury yield was up 2.6 basis points to 4.232%, and the 30-year Treasury yield was 2.7 basis points higher at 4.882%. The 2-year Treasury note yield rose about 1 basis point to 3.504%. Japanese stocks jumped to a record high Monday, leading gains in the region after Prime Minister Sanae Takaichi won a landmark election victory. Japan’s Nikkei 225 jumped past 57,000 for the first time before paring gains to close 3.9% higher at 56,363.94, while the Topix also notched a record high, closing at 3,783.94, up 2.3%. Other Asian markets also traded higher, with South Korea’s Kospi jumping 4.1% to 5,298.04, while the small-cap Kosdaq added 4.3% to 1,127.55. Australia’s S&P/ASX 200 rose 1.85%, closing at 8,870.1. Hong Kong’s Hang Seng Index was up 1.71% as of its last hour, while the mainland’s CSI 300 climbed 1.63% to 4,719.06. India’s Nifty 50 had added 0.61% as of 1:30 p.m. local time. Oil prices held steady on Friday after Iran and U.S. representatives held talks on the Islamic Republic’s nuclear program. Brent crude futures rose 50 cents, or 0.74%, to close at $68.05 a barrel, while U.S. West Texas Intermediate crude gained 26 cents, or 0.41%, to settle at $63.55 a barrel. Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over U.S.-Iran talks in Oman, while silver recovered from a 1-1/2-month low. Spot gold rose 3.9% to $4,954.92 per ounce by 2:18 p.m. ET (1918 GMT), recouping losses during a volatile Asia session following Thursday’s 3.9% decline. The yellow metal was headed for a weekly gain of about 2%. U.S. gold futures for April delivery settled 1.8% higher at $4,979.80 per ounce. Meanwhile, spot silver rose 8.6% to $77.33 an ounce after dipping below $65 earlier in the session, but was still headed for a weekly drop, down over 8.7%, following steep losses last week as well. “What we’re seeing in silver is huge speculation on the long side,” said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase. CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.