Stock futures fell on Monday after a decline in technology stocks pressured the S&P 500 and Nasdaq Composite, while the Dow Jones Industrial Average closed at a record high.

Futures tied to the Dow Jones Industrial Average fell by 51 points or 0.12%. S&P 500 futures fell by 0.17%, while Nasdaq 100 futures fell by 0.26%.

On Monday, the Dow broke with the broader market, hitting a new intraday high before falling back. Still, the 30-stock index held on to its gains and posted a new record close. Meanwhile, a decline in technology stocks on Monday and a rise in less popular segments like energy signaled that investors may be turning away from one of the key market drivers of the past year.

Investors are eager to see the profits of the biggest beneficiary of artificial intelligence NVIDIA on Wednesday. Shares of the semiconductor company closed more than 2% lower on Monday and were marginally higher in after-hours trading. Nvidia has become a key indicator for technology stocks and AI in general, and investors will be looking to its second-quarter results to gauge the health of the AI ​​trade.

Stock markets are trying to regain their footing after a brutal start to the month. However, investors have become more optimistic after Federal Reserve Chairman Jerome Powell indicated on Friday that the central bank’s next move will be to cut interest rates. Powell did not specify when or by how much rates would be cut. Traders are unanimously forecasting a rate cut of at least 25 basis points at the central bank’s policy meeting on September 17-18, according to data from CME Group’s FedWatch tool.

“It will take some time for the cuts to trickle down across the economy… the market is doing some of the heavy lifting for the Fed, but there are a lot of question marks,” Mohamed El-Erian, chief economic adviser at Allianz, told CNBC’s “Closing Bell: Overtime” on Monday.

Investors will also analyze the new quarterly results of the retail sector Nordstrom after the market close on Tuesday to gain insights into consumer health.