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Investing.com – US stock index futures fell during these moments of trading, today, Tuesday, at the beginning of the trading week, as the markets were on holiday yesterday, Monday.
This comes in conjunction with strong declines hanging over the markets, as gold exacerbated its declines, while gas declined significantly, while also declining, led by.
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The moves come on the heels of an optimistic week for Wall Street, where the Nasdaq and Nasdaq posted their best performance since July. The 30-stock Dow Jones and Nasdaq were up 1.4% and about 3.3% for the week. While the S&P 500 rose 2.5% to post its best week since June.
Last week, investors were studying new signs of a slowing economy and easing interest pressures. The latest report on non-farm payrolls in the US showed that the unemployment rate rose to 3.8% in August, reaching its highest level in more than a year. Economists had expected it to remain at 3.5%. Average hourly earnings also rose 4.3% year-on-year, less than the 4.4% increase economists had expected.
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“This report raises a critical question for investors, can the labor market slow enough, while also slowing inflation, to allow the Federal Reserve to stop raising interest rates and maintain stability,” said Rick Reader, chief investment officer, global fixed income at BlackRock. Interest rates for a while? It’s as if the job market is starting to stagnate.”
Investors are also looking forward to a challenging month for stocks. September is historically the weakest month for stocks, and investors will scrutinize economic reports – including fresh inflation data – ahead of the Fed’s September policy meeting. The central bank’s policy makers will hold a two-day meeting starting on Sept. 19 and announce their interest rate decision on Sept. 20.
The S&P 500 has fallen an average of 3.2% in September over the past five years. It has declined by more than that in the past three years. One of the worst Septembers in modern times was the last (September 2022), when the S&P 500 fell 9.3%.
The record for the worst September ever is the 11.9% drop in September 1974.
Also read: 0 declines by the order of 0..the decline may deepen, and this is what limits the rise}}
According to a CFRA study of stock performance historically, September is actually the only month of the year that has a negative average return.
However, some technical indicators gave investors hope last week. In a sign of positive momentum in the short term, the major indices breached their 50-day moving averages last week.
“Investors are feeling more bullish because we’re back on the upside,” Sam Stovall, chief investment strategist at CFRA, told CNBC last week. “At least in the near term, I think the US stock markets can continue to rally even in the face of a relatively challenging month,” he added.
US stock index futures now
Futures related to the Dow Jones Industrial Average lost 79 points, or 0.23%. S&P 500 futures were down 0.23%, while index futures were down 0.24%.
markets now
It fell by 0.43% to $1,958 an ounce.
While it fell by 0.27% to 1933 dollars an ounce.
It rose by 0.35% to 104,562 points.
Silver fell 2% to $23.50.
It fell by 0.62% to $88.45 a barrel.
While Texas crude fell by 0.13% to $85.44 a barrel.
The contract fell as much as 5% to $2,627.
Digital currencies now
Bitcoin fell 1.1% to $25,698 in the last 24 hours.
Ethereum fell by 0.9% to $1,624 in the last 24 hours.
It fell 2.3% to $19,351.
2023-09-05 09:14:00
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