Stock futures were little changed on Tuesday as Wall Street looks to find its footing after a rocky start to the month.
Futures are Dow Jones Industrial Average Roughly the same. S&P 500 Index Futures and Nasdaq 100 Futures The declines in all indicators were less than 0.1%.
The trend of futures is in Dow Chemical It fell more than 115 points, or 0.3%, on the first trading day in June. this S&P 500 Index and Nasdaq Index Both were slightly higher on Monday.
Weak manufacturing data weighed on market sentiment as investors wait to see whether economic growth can be sustained and the Federal Reserve waits for inflation to drop enough to cut interest rates.
Gabriela Santos, chief market strategist for the Americas at JPMorgan Asset Management, said on CNBC’s “Closing Bell” program that although some investors are losing confidence, the overall economy still looks solid.
“For us, it’s really a story of a slowdown in overall growth rates. But any time you move to lower altitudes, you’re probably going to run into some slightly choppy areas — some people are concerned that the slowdown is too big,” she explain.
A busy week of economic data continues on Tuesday, with April job openings and factory orders data due at 10 a.m. ET. The key report this week will be Friday’s May jobs report.
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