U.S. stock futures fell Monday, on track to extend last week’s losses as investors geared up for fresh inflation data. Dow Jones Industrial Average futures dipped 182 points, or 0.5%. S&P 500 futures and Nasdaq-100 futures declined 0.5% and 0.6%, respectively. Nvidia lost around 1% in Monday’s premarket trading. While the artificial intelligence stock finished last week with gains, Friday’s drop of more than 5% marked its worst daily move since late May. Super Micro Computer, another AI-focused stock, dropped more than 3% before the bell. That action follows a losing week for the major averages. The 30-stock Dow slid 0.9% last week, notching its worst performance since October. The S&P 500 retreated by 0.3%, while the Nasdaq Composite tumbled 1.2%. Traders are preparing for February’s consumer and producer price indexes — which are set to release Tuesday and Thursday, respectively. These are among the last major economic reports before Federal Reserve leaders convene for their March policy meeting. Those releases come will follow Friday’s February jobs report, which gave investors mixed signals as to when exactly the Fed will begin cutting interest rates. While the U.S. economy added more jobs than economists anticipated, a higher unemployment rate and lighter-than-expected wage growth were encouraging signals the central bank could start easing up on monetary policy. “We aren’t counting on the Fed to cut rates at its meeting later this month,” said Mike Dickson, head of research at Horizon Investments. “Given this recent spike, we expect the Fed to hold off until it sees at least three consecutive months of lower core services inflation. That means June at the earliest — and later in 2024 if services inflation stays sticky.” The U.S. 10-year Treasury yield was near flat Monday as investors looked ahead to key inflation data for insights into the state of the economy. The yield on the 10-year Treasury slipped by less than 1 basis point to 4.079%. The 2-year Treasury yield rose by less than 1 basis point, sitting at 4.494%. Japan stocks led losses in the Asia-Pacific region after the country averted a technical recession, paving the way for its central bank to raise rates, while investors also assessed China’s inflation numbers. The Nikkei 225 closed 2.19% lower at 38,820.49 after falling almost 3%, led by technology stocks, as revised official data showed Japan’s GDP expanded 0.4% in the October-December period last year. The Topix declined 2.2% to 2,666.83, after falling about 3% earlier in the session. Separately, China recorded its first month of inflation after four months of deflation with the country’s consumer price index climbing 0.7% year on year in February. The CPI, which had fallen 0.8% in January, and also beat expectations of 0.3% from economists polled by Reuters. South Korea’s Kospi slipped 0.77% to end at 2,659.84, while the small-cap Kosdaq rose 0.31% to finish at 875.93. In Australia, the S&P/ASX 200 fell 1.82% to close at 7,704.2, retreating from its all-time high and snapping a three-day winning streak. However, Hong Kong’s Hang Seng index bucked the wider decline to gain 1.32%, while the mainland Chinese CSI 300 rose 1.25%, ending at 3,589.26. Oil prices ticked lower on Monday, extending losses from last week as traders wait for a new round of inflation data. The West Texas Intermediate contract for April lost 40 cents, or 0.51%, to $77.61 a barrel. The Brent contract for May shed 35 cents, or 0.43%, to $81.73 a barrel. Gold prices took a breather from a record-breaking rally on Monday, which was fueled by a cooling U.S. labor market and remarks from the Federal Reserve, with traders awaiting a U.S. inflation report for fresh clues on the timing of rate cuts. Spot gold was flat at $2,177.71 per ounce. U.S. gold futures edged 0.03% higher to $2,185.10. Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signaled a cooling U.S. labor market.