Stock market today: US futures point to downbeat start to jobs report week with Powell set to speak

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Jerome Powell News

US Stock Futures,The Federal Reserve,Labor Market

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

US stock futures tipped lower on Monday but were still set for strong monthly and quarterly gains as investors waited to hear Jerome Powell speak in the run-up to the crucial monthly jobs report. Dow Jones Industrial Average futures slipped roughly 0.1%, coming off a record high hit to end a strong week. Futures on the S&P 500 were down 0.2%, while those on the tech-heavy Nasdaq 100 slipped 0.3%.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards A growing pile of profit warnings from automakers clouded the mood early Monday. Stellantis shares tumbled 13% after the Chrysler parent slashed its margin outlook, citing supply chain disruption and weakness in China. General Motors and Ford were both down over 3% in tandem. Luxury automaker Aston Martin also warned on earnings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks stumble to start September as crucial jobs report lies aheadWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow futures stumble to start September as crucial jobs report lies aheadWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks slip as tough September start rolls onInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500 continue September swoon ahead of pivotal jobs reportLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »