Futures edge up ahead of jobs data, Apple slips

Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Traders now see a 72.6% chance for at least a 25 basis points (bps) rate cut in March and a near 96% probability for May. Yields on U.S. Treasury tenors, an indicator of interest rate expectations, edged up, with the yield on the benchmark 10-year note climbing to 3.955%.