Traders work on the New York Stock Exchange trading floor during early trading on September 23, 2024 in New York City.
Michael M. Santiago | Michael M. SantiagoGetty Images
Index futures were quiet Tuesday night as Wall Street looked to extend September’s gains.
S&P 500 Index Futures Not much has changed. Nasdaq 100 Futures With an increase of less than 0.1%, futures and Dow Jones Industrial Average down 0.1%.
These actions are S&P 500 Index and Dow Chemical They closed up 0.25% and 0.20% respectively, hitting record highs. this Nasdaq Index It rose 0.56% and is less than 4% from its all-time high.
All three averages are on track for positive growth in September, despite lingering concerns about an economic slowdown following last week’s rate cut by the Federal Reserve.
Now that the central bank has begun to cut interest rates, the economy is becoming a more focused focus for investors.
“I’m a buyer of this rally until jobless claims start to go up, until incomes start to fall, until there are problems with growth. I think until then, we’re going to see a transition between growth and a slowdown.” Really volatile markets.
Upcoming economic data include new home sales for August on Wednesday morning and weekly unemployment benefits data on Thursday.
Investors will also be paying close attention to the company’s comments, especially as earnings season approaches early next month.
“We’re just starting to enter… the third quarter earnings season, and I think that’s just as important, if not more important, to the future direction of the stock market than the direction of the Fed and interest rates,” said Scott, chief investment officer of Certuity. Welch told CNBC.
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