Gold, Hit Record and Stock Futures
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U.S. stock-market futures were little changed on Sunday, after the three major indexes all closed at record highs on Friday.
This week’s economic data highlight will be the Bureau of Economic Analysis’ personal consumption expenditures price index for August.
Stocks were down premarket ahead of a deadline to prevent a U.S. government shutdown and upcoming inflation data.
U.S. stock futures slipped on Monday from record highs while gold vaulted to a new high. Dow Jones Industrial Average futures fell 164 points, or 0.4%, to 46487. S&P 500 futures dropped 0.4%, or 23 points,
Stocks looked set to slide on Monday, as investors waited to see if a slew of speeches by Federal Reserve governors would bolster the market’s hopes for further interest-rate cuts. Futures tracking the Dow Jones Industrial Average fell 149 points,
Powell's comments could be crucial to shaping interest rate expectations at a time when traders are weighing conflicting signals from the Fed, with some officials arguing for measured cuts going forward to keep inflation in check.
U.S. stock futures were little changed early Tuesday, a day after the Dow Jones Industrial Average, S&P 500, and Nasdaq all recorded intraday and closing highs for a third consecutive session.
With U.S. stock markets set to open in two hours, Kenvue Inc. (KVUE) was up 4.8% in pre-market trading, and IonQ Inc. (IONQ) was up 3.9%.