US stock futures showed some gains on Monday, with Dow futures soaring 200 points, as traders tried to shake off last week’s setbacks.
After a week of jitters around AI hype cooling off and new tariff threats from the President looming, investors are taking a breath.
The S&P 500 and Nasdaq nudged upward, signaling a tentative rebound. But with a government shutdown deadline and September jobs report on everyone’s mind, the market’s mood is far from settled.
Eyes remain glued to Treasury yields and oil prices as Wall Street navigates a swirl of uncertainty.
5 things to know before Wall Street opens
1. Before the opening bell on September 29, a handful of big-name stocks grabbed attention in the pre-market session.
Tech giants like Nvidia and Apple edged higher, buoyed by optimistic whispers about upcoming earnings. Meanwhile, energy stocks slipped as oil prices softened following OPEC’s surprise decision to boost output.
On the downside, some retail and travel names took a hit amid lingering economic worries and mixed consumer data.
Investors are clearly weighing the risks and opportunities carefully, setting the stage for a day that could swing either way depending on fresh headlines and economic signals. The mood feels cautiously watchful but hopeful.
2. A few key economic dynamics are shaping investor sentiment on Friday, as all eyes are on the upcoming September jobs report, which could offer crucial clues about the health of the US economy and the Federal Reserve’s next move on interest rates.
The ongoing government shutdown talks also cast a long shadow, with any missteps threatening market jitters.
Meanwhile, fluctuations in Treasury yields are influencing risk appetite, as are worries about global growth amid mixed signals from trade and geopolitical tensions.
3. Wall Street’s charts are telling an interesting story right now.
The S&P 500 and Nasdaq seem to have found a soft landing around their recent support levels, which is a good sign for bulls stepping in.
The Dow is flirting with some key technical lines, making it a bit of a tug-of-war between buyers and sellers. Momentum has pulled back just enough to cool off any overenthusiasm, giving the market space to breathe.
It feels like investors are inching forward with caution, no dramatic moves yet, just waiting for clearer signs on where to head next.
4. Global markets had a mixed start on September 29. Asian stocks mostly climbed, helped by tech shares bouncing back and some steady earnings reports.
Europe’s markets, on the other hand, struggled to find their footing, held back by worries over energy costs and trade tensions. The dollar dipped a bit against other major currencies, which gave a little boost to gold and oil prices.
Overall, investors seem cautious but hopeful, trying to balance positive signs with the risks still hanging around the world. It’s a day where everyone’s watching closely, waiting for clearer signals on where things might head next.
5. The global attention is also focusing on the ongoing government shutdown talks in the US, with lawmakers scrambling to find common ground before the looming deadline.
The standoff is causing unease among investors and the public alike, given the potential disruption to federal services and markets. Meanwhile, tensions are simmering in Eastern Europe as diplomatic efforts to ease conflicts show little progress.
On the economic front, data out of China revealed slower-than-expected manufacturing growth, adding to concerns about the global economic slowdown.
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