S&P 500 Futures Dip as Market Seeks Stability After Strong Start

Tuesday, 10 September 2024, 02:38

S&P 500 futures dip 0.2% after a robust start to the week. Concerns about U.S. economic health weigh on markets as investors look ahead to key inflation data. The upcoming consumer price index report could influence Federal Reserve decisions on interest rates.
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S&P 500 Futures Dip as Market Seeks Stability After Strong Start

S&P 500 Futures Performance

S&P 500 futures are down 0.2%.

Dow Jones Industrial Average futures are off 0.2%.

Nasdaq 100 futures are sliding 0.5%.

Market Moves on Monday

On Monday, the Dow Jones Industrial Average rose 484 points, or 1.2%, to 40,830, the S&P 500 increased 63 points, or 1.16%, to 5,471, and the Nasdaq Composite gained 194 points, or 1.16%, to 16,885.

Investors Eye Economic Indicators

Futures indicate stocks will give back a slice of the strong gains made in the previous session as concerns linger about the health of the U.S. economy and overvaluation in parts of the technology sector.

Equities are being underpinned, however, by 10-year Treasury yields near their lowest levels since June 2023, as investors hope that cooling inflation means the Federal Reserve can start reducing interest rates at its meeting on September 18.

The consumer price index inflation report for August will be published on Wednesday.


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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