Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates

Published On Sep 30, 2024, 6:02 PM

The stock market ended September positively, with the S&P 500 closing at a record high. Although futures are flat currently, the recent gain was influenced by comments from the Federal Reserve chair indicating possible future interest rate cuts. Despite the positive performance, there are concerns about underlying economic weaknesses, especially regarding the job market and potential trade disruptions due to a possible strike by longshoremen on the East and Gulf Coasts.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

SPY View SPY chart on TradingView

Negative

With the Fed's easing policy and the recent upward trend in the stock market, there may still be volatility ahead due to economic uncertainties and labor market concerns. As a result, caution is advised.

IVV View IVV chart on TradingView

Positive

Given the potential for interest rate cuts and recent market performance, larger indices like the S&P 500 may see continued support, but watch for economic indicators that could sway sentiments.

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