SPY - S&P 500 Nasdaq Futures Waver As Focus Turns To JOLTS Data: Why These Analysts Say Expecting A Strong Q4 This Year Is 'Tricky' | Benzinga
Early indications suggest another day of lackluster trading after two months of subdued market activity. Index futures point to a modestly higher opening on Tuesday, while 10-year Treasury yields have surged to over 4.70%, adding to uncertainty about interest rates. The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) data and an upcoming Federal Reserve speech could influence today’s trading.
Cues From Monday’s Trading
Monday’s trading saw mixed performance in the stock market. Rising bond yields continued to weigh on sentiment, despite the passage of a stop-gap bill by Congress. Economic data showed resilience in the economy but also rekindled rate hike fears.
The Nasdaq Composite had a mostly positive day, extending its four-session winning streak. The S&P 500 closed slightly in the green after a late uptick, while the Dow Industrials ended slightly lower.
Small-cap stocks, represented by the Russell 2,000 Index, were hit the hardest, closing down 1.58%. This index is down about 0.25% for the year-to-date period, reflecting the struggles of small-cap stocks amid economic uncertainty.
US Index Performance On Monday
Index Performance (+/-) Value
Nasdaq Composite +0.67% 13,307.77
S&P 500 Index +0.01% 4,288.39
Dow Industrials -0.22% 33,433.35
Russell ...