Stock market news today: Stock futures dip as Fed rate hopes dim

Signs of a weaker US economy suggested to the market that the Fed could ease up on its tightening campaign. But investors were reassessing those hopes after Minneapolis Fed President Neel Kashkari said on Monday the central bank"There was quite a bit of euphoria at the end of last week on the belief that the Fed is done, the jobs market is slowing, that the US economy is going to experience a soft landing," said Michael Hewson, chief market analyst at CMC Markets UK, told Reuters.

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John Hussman rejected Richard Bernstein's idea of a "once-in-a-generation" chance to buy stocks, citing the S&P 500's returns over the past century. November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end

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