U.S. stock futures showed modest gains as trading wrapped up on Thursday. This followed a slight decline in the S&P 500 and Nasdaq Composite, both of which slipped from their record highs.
Stock Futures Overview
At 8:43 p.m. EDT on October 9, stock futures for major indexes were as follows:
- Nasdaq 100: Up 0.1%
- Dow Jones Industrial Average (DJIA): Up 0.12%
- S&P 500 Index: Up 0.15%
Market Performance
During regular trading hours, the S&P 500 dropped by 0.28%, while the Nasdaq Composite saw a smaller decline of 0.08%. The Dow Jones experienced the largest loss, falling 0.52%.
Despite this dip, the S&P 500 is on track for a modest weekly gain of 0.3%. The Nasdaq is also expected to finish the week slightly higher, with an anticipated increase of 1.1%. In contrast, the Dow is headed towards a 0.9% weekly decline.
Ongoing Economic Factors
The federal government shutdown has entered its ninth day, and there is currently no clear resolution in sight. This situation is influencing market sentiment as traders look for stability.
On the horizon, investors are awaiting the release of U.S. consumer sentiment data scheduled for Friday morning. Additionally, the upcoming Q3 earnings season is set to begin next week, with key banks expected to report their financial results.
To stay informed about macroeconomic events, consider using tools and updates from El-Balad for the latest economic news and insights.
