06:14 AM EST, 01/13/2025 (MT Newswires) -- Wall Street futures pointed lower pre-bell Monday as traders took positions ahead of the start of earnings season, and weighed declining odds for rate cuts from major central banks.

In the futures, the S&P 500 fell 0.8%, the Nasdaq declined 1.2% and the Dow Jones was off 0.3%.

On Wednesday in pre-bell hours, Washington will post the consumer price index (CPI) for December, sure to be parsed for its impact on the next Federal Reserve policy meeting.

According to the CME Group FedWatch, there is a 97.3% chance the Fed will leave rates unchanged, at the pending late January session.

Yields on 10-year US Treasuries touched near 4.80% in morning action, striking a one-year high.

Financial behemoths JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) will report earnings pre-bell on Wednesday.

Asian exchanges traded solidly lower overnight as prospects for central-bank rate cuts faded in Beijing and Washington.

European bourses also tracked south midday on the continent.

The economic calendar is vacant on Monday.

In premarket action, Bitcoin traded at $91,628.23, West Texas Intermediate crude oil traded higher at $76.85, and 10-year US Treasuries offered 4.79%. Spot gold traded for $2,679 an ounce.