Stock Market Today: Dow Futures Indicate Lower Open as Economic Data Looms
Market Overview
Stock Market Today shows U.S. stock futures were declining early Monday, down 126 points, or 0.3%, for the Dow Jones Industrial Average. Similarly, S&P 500 and Nasdaq 100 futures also fell 0.3%. The recent surge after a strong jobs report is now facing pressure from geopolitical risks.
Geopolitical Risks Impacting Sentiment
According to Deutsche Bank analyst Jim Reid, the current risk appetite has been hampered due to escalating tensions in the Middle East, despite positive macroeconomic reports.
Economic Data Ahead
- The Bureau of Labor Statistics is set to release the Consumer Price Index for September on Thursday, with a consensus increase of 2.3% year-over-year anticipated.
- As Treasury yields rise, the benchmark 10-year note is at 3.985%, reflecting market shifts.
Stock Performers in Focus
This week will spotlight Pfizer after Starboard Value’s $1 billion stake announcement, changing the dynamics in the pharmaceutical sector.
Upcoming Earnings Reports
- Tuesday: PepsiCo
- Thursday: Delta Air Lines, Domino’s Pizza
- Friday: JPMorgan, Wells Fargo
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.