Wall Street was poised to open with losses Tuesday, kicking off a holiday-shortened week that features another hefty slate of earnings and the government's latest jobs report.Shares of U.S. Steel tumbled 4.4% after Vice President Kamala Harris told a crowd in Pennsylvania on Monday that she opposed the company's planned sale to Japan's Nippon Steel. The Democratic presidential nominee's comments, which echo President Joe Biden's position, came after Nippon Steel Corp.
“It is shaping up to be a significant litmus test. A stronger-than-expected payroll number, paired with a lower unemployment rate, could inject some much-needed confidence into the market, signaling that growth risks might be easing, at least for now,” said Stephen Innes, analyst at SPI Asset Management.
South Korea’s Kospi initially rose after a report showed consumer inflation slowed in August to the weakest in more than three years, supporting expectations of an easing of monetary policy. The Kospi later declined 0.6% to 2,664.63. In currency trading, the U.S. dollar slipped to 146.14 Japanese yen from 146.89 yen. The euro cost $1.1039, down from $1.1074.Outlook Therapeutics® to Present at the H.C. Wainwright 26th Annual Global Investment Conference
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