U.S. stock index futures fell modestly Monday pre-market trading after Wall Street rallied sharply on dovish comments from Federal Reserve Chair Jerome Powell, which heralded interest rate cuts in the near-term. 

Focus this week is squarely on earnings from artificial intelligence major NVIDIA Corporation (NASDAQ:NVDA), for more cues on the fast-growing industry. 

Wall Street rallied on Friday, reversing a bulk of recent losses as investors ratcheted up bets that the Fed will cut interest rates in September. 

S&P 500 Futures were down 0.24% to 6,451.25 points, while Nasdaq 100 Futures fell 0.32% to 23,424 points by 06:17 ET (10:17 GMT). Dow Jones Futures were seen down by 0.22% trading at 45,532.0 points.