US equity futures are indicating a lower open as of 05:00 ET. This follows mostly lower markets in Asia, while European equity markets are softer. Markets are turning defensive, as investors await several key catalysts. China unveiled a 2024 growth target of around 5% and a deficit target of 3%, as expected. Today's economic calendar features ISM services PMI.

Companies Mentioned: Viavi Solutions, Spirent Communications, Advanced Micro Devices