U.S. stock futures were steady at the start of the new week on Sunday evening, October 6, as Wall Street looked to maintain momentum after major indexes rose on Friday, despite a slow start to October.
S&P 500 futures added less than 0.1%. Nasdaq 100 futures rose less than 0.1%, while Dow Jones Industrial Average futures rose 26 points, or less than 0.1%.
The move in futures comes after a bumpy week for stocks that posted modest gains. The S&P 500 added 0.22% for the week, while the Nasdaq Composite gained 0.10% and the Dow Jones Industrial Average gained 0.09%.
It was the fourth straight week of gains for the three index averages, helped by a better-than-expected jobs report on Friday that added to the idea that the Federal Reserve could deliver a soft landing for the U.S. economy. The Dow Jones closed at a record high after the report.
Markets are awaiting important US economic data next week, including September’s CPI and PPI. Investors will also hear from several Fed officials, including Governor Michelle Bowman, the lone antagonist to a 50 basis point rate cut. The US central bank will also release the minutes of its September meeting on Wednesday.
Investors are also watching corporate earnings results this week, and eyes are also on global news, as tensions continue in the Middle East.
