Stock futures were level connected Sunday evening arsenic Wall Street looks to support the momentum from Friday's rally.
S&P 500 futures added little than 0.1%. Nasdaq 100 futures were besides up little than 0.1%, portion Dow Jones Industrial Average futures ticked up 26 points, oregon little than 0.1%.
The determination successful futures comes aft a bumpy week for stocks that saw the large averages grind retired humble gains. The S&P 500 added 0.22% for the week, portion the Nasdaq Composite inched up 0.10% and the Dow added 0.09%.
It was the 4th winning week successful a enactment for each 3 averages, helped by a stronger-than-expected jobs study connected Friday that gave much enactment to the thought that the Federal Reserve whitethorn propulsion disconnected a "soft landing" for the U.S. economy. The Dow closed astatine a grounds precocious aft the report.
"Two aged adages connected Wall Street: don't combat the inclination and don't combat the Federal Reserve. ... These stay among 2 cardinal pillars for today's equity market," Truist Wealth co-chief concern serviceman Keith Lerner said successful a enactment Friday.
However, Lerner did caution that the looming U.S. statesmanlike predetermination and the imaginable for alleged "October surprise" could support marketplace volatility elevated successful the coming weeks.
Investors volition support an oculus connected the planetary quality this week, with tensions inactive precocious successful the Middle East.
On the economical front, cardinal releases successful the week up see the Federal Reserve gathering minutes connected Wednesday and the user terms scale study connected Thursday. Earnings play besides starts to vigor up, with results from Delta Air Lines and JPMorgan Chase owed retired Thursday and Friday, respectively.
Key net reports aboriginal this week
Several large companies are acceptable to study their quarterly net this week, including immoderate fiscal giants. Here's a look astatine the net docket for the coming days:
Tuesday: Pepsico
Thursday: Delta, Domino's Pizza
Friday: BlackRock, Bank of NY Mellon, JPMorgan Chase, Fastenal, Wells Fargo
— Jesse Pound
Stock futures unfastened small changed
Stock futures were small changed erstwhile trading began astatine 6 p.m. successful New York. The 3 large contracts were each wrong 0.1% of the level line.
— Jesse Pound
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