SolarEdge Technologies is down 5% after shares of the solar-power-equipment maker were downgraded to Underperform from Hold at Jefferies and the price target cut to $17 from $27. S&P 500 futures are up 0.3%. Dow Jones Industrial Average futures are adding 0.2%.

US stocks rebounded on Monday on the heels of the S&P 500's worst week since early 2023, as inflation came back into focus for investors gauging pressures that could influence the size of interest rate cuts.

Stock futures are falling in early trading Wednesday with the economy and tumbling AI stock prices serving up a twin threat to markets. The three main indexes had their worst day in more than a month on Tuesday, dragged down by weak ISM manufacturing data, which reignited fears that the U.S. economy is slowing.

The 2-year rate finished at 3.608% or its lowest level since Sept. 12, 2022. Meanwhile, the 10-year yield fell to 3.643% or its lowest closing level since June 1, 2023. The 30-year rate ended at 3.954% or the lowest level since Dec. 27.

The blue chip index closed above the psychologically significant 42,000 level for the first time ever Thursday.

With the stock market's surge on Thursday to fresh records, something extra has been taking hold of equities in the wake of the Federal Reserve's big rate cut. The "Magnificent Seven" mega-cap technology stocks,