US Futures Point to Gains at the Open, Key Data Awaited
US stock futures were slightly higher on Wednesday, with the S&P 500 up 0.2%, Nasdaq 100 gaining 0.1% and Dow adding 130 points. Investors are awaiting a batch of economic data due today, including the PCE and ADP figures that will help shape expectations for the Fed’s next policy moves. The odds of a 25 bps rate hike in October currently stand at around 45%, down from 70% last Friday. Nvidia (0.4%), Alphabet (1%) and Tesla (0.2%) were higher in premarket trading, while Micron gained 0.3% ahead of its earnings release after the closing bell. Boeing rose 3.3% after securing a deal with the Pentagon and US Navy to develop the next generation of fighter jets. September and Q3 have been marked by volatility, as investors weighed rising oil prices and Treasury yields against continued optimism around AI. The S&P is little changed for the month and up 2.5% for the quarter, while the Nasdaq has gained 1% in September and 2.3% over Q3. The Dow has lost about 3% for the month and 1.6% for Q3.
1% and Dow adding 130 points. Investors are awaiting a batch of economic data due today, including the PCE and ADP figures that will help shape expectations for the Fed’s next policy moves. The odds of a 25 bps rate hike in October currently stand at around 45%, down from 70% last Friday. 3% ahead of its earnings release after the closing bell.
3% after securing a deal with the Pentagon and US Navy to develop the next generation of fighter jets. September and Q3 have been marked by volatility, as investors weighed rising oil prices and Treasury yields against continued optimism around AI. 3% over Q3. 6% for Q3.