Stock market today: US futures steady as investors wait for next wave of data

Published On Sep 5, 2024, 6:48 AM

The stock market, specifically the Dow and S&P 500, continues to decline as September progresses, facing a significant downturn ahead of an important jobs report. Investors are anxious about how the upcoming report may influence economic outlook and Fed policy, particularly regarding interest rates. Market sentiment is currently cautious as traders brace for potential volatility stemming from these economic indicators.

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The upcoming jobs report could lead to a market correction if the data indicates a stronger-than-expected labor market, potentially prompting the Federal Reserve to maintain or further tighten its monetary policy. This could negatively impact market sectors sensitive to interest rates.

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