S&P 500 futures traded lower to start the week, snapping a streak of five consecutive higher closes. The contract fell approximately 0.5% to the 6,825 level after fading an intraday recovery attempt. Rising interest rates contributed to selling pressure across the board, with Russell 2000 futures leading the decline, down over 1%. Despite the pullback, major indices remain near recent highs as the market enters the Fed's quiet period with expectations priced in for a quarter-point rate cut. Traders are now shifting focus to upcoming payroll data to gauge economic activity.