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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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.
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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.
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