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Six of the 11 major S&P sectors were lower in morning trade, with rate-sensitive technology, consumer discretionary and communication services leading declines. Economic data this week including housing starts, consumer confidence, weekly jobless claims and core personal consumption spending growth for November will set the investor mood, providing more clues on future rate hikes by the central bank. New York Fed President John Williams last week underscored the U.S. Michael James, senior vice president of institutional equity trading at Wedbush Securities. The figures he’d seen showed 40 percent of raw materials were being scrapped or reworked, with big scrap piles throughout the disorderly factory. I went down, I checked out the swap station, it just wasn’t being used, and they were bringing extra superchargers and hooking them up to diesel generators instead. Shares of the electric-car maker edged down 1% following strong premarket gains in the wake of a Twitter poll that showed majority of users voted for Elon Musk to step down as chief executive of the social media platform. Meta Platforms fell 3.0% after the European Commission said it could impose a fine of up to 10% of the tech conglomerate's annual global turnover if evidence showed an infringement of the EU's antitrust laws.