Stock futures are little changed to kick off September trading: Live updates

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Traders enactment connected the New York Stock Exchange (NYSE) level connected August 08, 2024 successful New York City. 

Spencer Platt | Getty Images

U.S. banal futures were small changed Monday nighttime arsenic traders braced for a perchance pugnacious period up aft a beardown but volatile August.

Futures tied to the Dow Jones Industrial Average slipped 15 points. S&P 500 futures roseate 0.1%, and Nasdaq-100 futures gained 0.2%.

U.S. markets were closed Monday owed to the Labor Day holiday.

The large averages are coming disconnected a winning session, securing a summation for the month. The S&P 500 roseate 2.3% successful August, marking its 4th consecutive monthly gain. The Dow and Nasdaq precocious 1.8% and 0.7%, respectively, during the period.

Those moves came aft a steep sell-off to statesman the month. Concern implicit the U.S. system falling into a recession, on with the unwinding of a fashionable hedge money commercialized involving the Japanese yen, sent stocks tumbling successful aboriginal August. At 1 point, the S&P 500 was down much than 7% for the period earlier recovering.

"August got disconnected to an incredibly unsmooth start," wrote Deutsche Bank macro strategist Henry Allen. "But aft August 5, calm began to instrumentality to markets. In part, that was helped by much affirmative information connected the US economy, which helped to easiness fears astir an imminent recession."

Investors volition get their archetypal large economical study of the period connected Friday, erstwhile the U.S. authorities releases the August jobs report. Wall Street volition besides person to contend with seasonal headwinds, arsenic September has been the worst period connected mean for the S&P 500 implicit the past 10 years.

September not a bully period for stocks

Hold on. The caller period could bring unit to the banal market, if past is immoderate indication.

Over the past 10 years, the S&P 500 has mislaid an mean of 2.3% successful September, according to information from FactSet. That makes it the worst period for the wide marketplace scale implicit that clip period. On apical of that, the S&P 500 has posted a nonaccomplishment successful each of the past 4 Septembers — including a 9.3% plunge successful 2022.

— Fred Imbert

Stock futures unfastened small changed

Stock futures kicked disconnected Monday nighttime trading small changed.

Dow futures slipped 15 points. S&P 500 futures roseate 0.1%, portion Nasdaq-100 futures 0.2%.

— Fred Imbert

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