"Wall Street Faces Turbulent Start in 2024 as Tech Stocks Slide and Bond Yields Climb"

U.S. stock futures declined and bond yields increased as expectations for early Federal Reserve interest rate cuts diminished. Investors are awaiting the release of the Fed's December meeting minutes and fresh jobs data, including the JOLTS report, to gauge the potential for a "soft landing" of the economy. The shift in sentiment follows a tough start to the year for stocks and bonds, with tech stocks experiencing significant losses. The upcoming labor market data will be crucial in shaping expectations for the Fed's monetary policy direction.