Stock Market Today: Dow Futures Indicate Lower Open as Economic Data Looms

Monday, 7 October 2024, 01:01

Stock Market Today reveals Dow futures falling 126 points as geopolitical risks and rising Treasury yields affect market sentiment. As traders return from China, all eyes are on upcoming economic data.
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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

  1. Tuesday: PepsiCo
  2. Thursday: Delta Air Lines, Domino’s Pizza
  3. 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.


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