US Stock Market Futures Dip on Monday Amid S&P 500 and Nasdaq 100 Declines

U.S. stock market futures are down slightly, with S&P 500 futures falling 0.1% and Nasdaq 100 futures down 0.1%. This follows a decline in the S&P 500, Dow Jones, and Nasdaq composite on Friday. Hedge funds have reduced exposure to "Magnificent Seven" stocks, including Nvidia, Amazon, and Meta, in the third quarter, while taking new positions in application software, e-commerce, and payments companies.