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

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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.

 

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