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S&P500 futures drop 0.6% after S&P500 posts first monthly decline since January

Tiger Newspress2021-10-01

US stock futures fell in early pre-market trading on Friday after the S&P500 suffered worst month since March 2020

Dow futures dropped 230 points. S&P 500 futures and Nasdaq 100 futures both traded in negative territory and pointed to opening losses.

The market just capped a tumultuous September as inflation fears, slowing growth and rising rates crept up. The S&P 500 finished the month down 4.8%, breaking a seven-month winning streak. The Dow and the Nasdaq Composite fell 4.3% and 5.3%, respectively, suffering their worst months of the year.

Ten of the 11 S&P 500 sectors suffered losses in September, led to the downside by a 7.4% monthly drop in materials stocks. Energy is the best performer of the month, gaining more than 9%.

Investors await key inflation data due Friday 8:30est, to gauge the state of price pressures as the economy recovers from the pandemic. The core personal consumption expenditures price index, the inflation measure the Federal Reserve uses to set policy, is expected to rise 0.2% in August and 3.5% year over year, according to economists polled by Dow Jones.

The inflation measure jumped 3.6% year over year in July, which hit the highest level since May 1991.

“As we wrap up the third quarter and look ahead, investors will likely need to remain nimble as the economic recovery continues in a zig zag,” said Mike Loewengart, managing director of investment strategy at E-Trade Financial.

Congress was poised to prevent a government shutdown Thursday. The Senate and House both passed a short-term appropriations bill that would keep the government running through Dec. 3 and sent it to President Joe Biden to sign.

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评论41

  • Tanyl
    ·2021-10-04
    It is the time to buy S&P500
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  • Mhong
    ·2021-10-04
    [Miser] [Miser] [Miser] 
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  • JoelLee
    ·2021-10-02
    Ohhh mannn
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  • LennartM
    ·2021-10-02
    like please
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  • replaygoh
    ·2021-10-02
    rebounded
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  • PhilipLoo
    ·2021-10-01
    Wow
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    收起
    • 13cd0426
      wow
      2021-10-02
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  • hoa
    ·2021-10-01
    Q4 pls pick up
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  • Rocal
    ·2021-10-01
    kinda scared man[捂脸] 
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    • Rocal
      Hopefully...
      2021-10-02
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  • Seraya
    ·2021-10-01
    Hi I have new here 
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    • Bluetan
      Hi Welcome
      2021-10-01
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    • CW8
      Hello
      2021-10-01
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  • dandan_4896
    ·2021-10-01
    Oj
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    • Joe0319
      ok
      2021-10-01
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  • Upswing118
    ·2021-10-01
    Market is gloomy like weather now😱If only it can rain $ 😅
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    • dandan_4896
      sh
      2021-10-01
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    • Kel9670ong
      yes especially when a possible US govt shut down 
      2021-10-01
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  • JcJc
    ·2021-10-01
    Sad 😢 
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  • EeHoe
    ·2021-10-01
    gl
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    • EeHoe
      1
      2021-10-01
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    • 滚股怪
      Dc
      2021-10-01
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  • rayjs
    ·2021-10-01
    Aaaa
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    收起
    • rayjs
      aaaa
      2021-10-01
      回复
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    • EeHoe
      bbb
      2021-10-01
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  • koolgal
    ·2021-10-01
    It's time to be bold and bargain hunt quality stocks on sale! 👍😊
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    • skyel
      Probably wait a bit longer?
      2021-10-01
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    • SeahWK
      Agreed
      2021-10-01
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    • 滚股怪
      Yes, intro some for me. Thanks
      2021-10-01
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    查看更多 2 条评论
  • 137bd706
    ·2021-10-01
    All eyes on the inflation data and how FED will react 
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    • Mtan23
      Yes
      2021-10-01
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  • HENRYCSC
    ·2021-10-01
    Red again 
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  • Raenara
    ·2021-10-01
    Like and comment
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    • Jinhao94
      Liked
      2021-10-01
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    • kerukel88
      Ok
      2021-10-01
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  • DQ6
    ·2021-10-01
    Shorts will say good news and retail investor will say not good news. Anyway lets hope the economy recover or else profit means nothing. 
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  • Rainingal
    ·2021-10-01
    Update and like
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    收起
 
 
 
 

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