Stock futures are flat in overnight trading following a losing week: Live updates

Stock futures were small changed successful overnight trading Sunday pursuing a losing week connected Wall Street with the AI commercialized losing steam.

Futures tied to the Dow Jones Industrial Average edged up 17 points. S&P 500 futures and Nasdaq 100 futures were some flat.

U.S. stocks slipped past week arsenic cracks appeared successful a cardinal pillar of the bull marketplace rally — enthusiasm surrounding artificial quality buildout. Nvidia's eye-popping $100 cardinal partnership with OpenAI drew capitalist skepticism towards the sustainability of the business.

The S&P 500 fell 0.3% past week, its worst week since Aug. 1, and present sits 0.8% disconnected its grounds high. The Nasdaq dropped 0.7%, besides its weakest since aboriginal August. The Dow edged down 0.2%, its archetypal nonaccomplishment successful 3 weeks.

"The narrative shifted modestly past week successful a antagonistic direction as investors questioned 2 cardinal assumptions underpinning the rally: the sustainability of the AI infrastructure boom and the inevitability of an assertive Fed easing cycle," Adam Crisafulli, laminitis of Vital Knowledge, said successful a note.

Weekly jobless claims came successful little than expected Thursday, portion second-quarter GDP was revised up to 3.8%. The stronger information fueled concerns the Fed whitethorn beryllium slower to chopped rates, threatening 1 of the bulls' cardinal catalysts.

All eyes are turning to the September nonfarm payrolls report, which is owed Friday morning. Wall Street whitethorn request different "goldilocks" number to support the bull marketplace going — not excessively blistery arsenic to crook policymakers hawkish and not excessively acold to bespeak a large slowdown.

The marketplace is inactive poised for humble gains for the period of September. The S&P 500 is up 2.8% this month, portion the Dow has gained 1.5%. The tech-heavy Nasdaq has been the outperformer with a 2.9% rally.