Trader working on the floor of the New York Stock Exchange (NYSE) on September 21, 2021.
Brendan McDermid | Reuters
Equity futures rose slightly in Thursday night’s trade after the S&P 500 recorded its worst month since March 2020.
The Dow Jones Industrial Average futures rose 45 points. S&P 500 futures rose 0.1% and Nasdaq 100 futures rose 0.2%.
Markets closed a turbulent September due to inflation concerns, slowing growth and rising interest rates. The S&P 500 ended the month down 4.8%, beating seven consecutive months. The Dow and Nasdaq Composite fell 4.3% and 5.3%, respectively, and suffered their worst month of the year.
Chris Hussey, managing director of Goldman Sachs, said: “Slow growth, accommodative monetary policy, headwinds in China, declining fiscal stimulus, and persistent supply chain bottlenecks are all declining and in the fourth quarter. We looked at investor sentiment for the quarter. colluded to create pressure,” I said in a memo.
Ten of the 11 S&P 500 sectors suffered losses in September and turned negative as material inventories declined 7.4% per month. With over 9%, Energy is the best performer of the month.
As the economy recovers from the pandemic, investors are waiting for key inflation data set for Friday to gauge price pressure conditions. The main consumer spending price index, the inflation index used by the Federal Reserve to set policies, is expected to rise 0.2% in August and 3.5% year-on-year, according to economists surveyed by Dow Jones. I am
Inflation rose 3.6% year-on-year in July, reaching its highest level since May 1991.
Mike Lowengart, managing director of investment strategy at E-Trade Financial, said:
The Congress was ready to stop the government shutdown on Thursday. Both the Senate and the House of Representatives passed a short-lived budget that would keep the government running until December 3, and sent it to President Joe Biden for signature.
Equity futures to rally slightly after S&P 500 faces worst month since March 2020
SourceLink Equity futures will rise slightly after the S&P 500 faces its worst month since March 2020