Stock market today: Dow futures slip, S&P 500 holds steady with fresh data on deck

Published On Oct 1, 2024, 7:01 AM

Today, US stock futures are mixed at the start of October. The Dow futures dropped 0.3%, while S&P 500 futures remained steady after achieving record highs recently. Investors are looking forward to upcoming job and manufacturing data, which could impact expectations around Federal Reserve interest rate cuts. Additionally, there are concerns about a strike by dockworkers potentially disrupting major shipping on the East and Gulf coasts, and geopolitical tensions in the Middle East are also under scrutiny.

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Negative

Given the mixed signals in the markets and anticipation of economic data, particularly around job openings and manufacturing, investors may want to approach with caution. The ongoing dockworker strike could heighten inflation fears, impacting market sentiment negatively.

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