Stock market today: US futures stall as investors keep watchful eye on economy

Published On Sep 25, 2024, 7:01 AM

U.S. stock futures are currently stable after Wall Street hit record highs. Investors are assessing economic indicators as they anticipate data that may reveal the state of the economy and potential Federal Reserve rate cuts. Futures for the S&P 500 and Dow Jones are largely unchanged following record performances, while the Nasdaq 100 saw a slight decline. There is growing concern over a possible recession, indicated by a fall in consumer confidence. Upcoming data releases on home sales and GDP are expected to provide more information on economic health.

Stock Forecasts

Concerns over the potential for an economic slowdown may limit short-term gains for tech stocks. The focus on future rate cuts could help support the market at lower levels.

Recent stimulus measures in China are creating mixed sentiment, as skepticism grows over their effectiveness. If U.S. corporate earnings reflect any impact from slowing global demand, this could create downward pressure.

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