US Futures Rise as New Trading Month Begins
US stock futures edged higher on Thursday as investors looked for fresh catalysts at the start of a new trading month, while markets continued to contend with elevated oil prices and Treasury yields. Dow futures rose around 0.2%, while S&P 500 and Nasdaq 100 futures each gained roughly 0.3%. In regular trading on Wednesday, the Dow and S&P 500 fell 0.86% and 0.25%, respectively, while the Nasdaq Composite advanced 0.24%. Financial and industrial stocks weighed on the market as Treasury yields climbed on concerns about persistent energy-driven inflation, with the US and Iran making little progress in negotiations. Meanwhile, core PCE inflation increased a smaller-than-expected 0.2% in August, raising hopes that the Federal Reserve will hold off on raising rates in October. Investors now await the latest weekly jobless claims data on Thursday and the September jobs report on Friday. Earnings are also due from Nike, McCormick and Acuity Brands.
US stock futures edged higher on Thursday as investors looked for fresh catalysts at the start of a new trading month, while markets continued to contend with elevated oil prices and Treasury yields. 3%. 24%. Financial and industrial stocks weighed on the market as Treasury yields climbed on concerns about persistent energy-driven inflation, with the US and Iran making little progress in negotiations.
2% in August, raising hopes that the Federal Reserve will hold off on raising rates in October. Investors now await the latest weekly jobless claims data on Thursday and the September jobs report on Friday. Earnings are also due from Nike, McCormick and Acuity Brands.