QQQ - S&P 500 Nasdaq Brace For Cautious Open After Shutdown Crisis Drama As Traders Eye Powell's Speech Economic Data (UPDATED) | Benzinga
Editor’s note: This story has been updated to reflect the release times for economic data Monday in U.S. eastern time.
The U.S. stock market is set to start the week on a negative note, as futures on major indices exhibit slight losses in the premarket session.
Following a narrow avoidance of a government shutdown by the U.S. Congress, investors are now turning their attention to a barrage of economic data releases and a series of speeches scheduled by Federal Reserve officials.
The U.S. Congress narrowly averted a government shutdown, putting investors back to center their focus to a flurry of economic data and a series of speeches by Federal Reserve officials.
Over the weekend, Congress passed a stopgap bill just before the midnight deadline on Saturday, ensuring federal agencies continue to be funded. The resolution eased concerns over a government shutdown that could have had broader market implications.
On the economic front, fresh data on manufacturing activity and construction spending is set to be released today, providing insight into the health of the U.S. economy.
Federal Reserve Chair Jerome Powell is ...