KEJI - Stock futures edgy to start week; U.S. teases China trade policy
Get ready for a volatile October... The month, traditionally known for its ups and downs, didn't disappoint traders overnight. S&P 500 futures opened the session solidly in the green on Sunday evening, only to fall 0.7%, before heading back to the flatline. Contracts linked to the DJIA moved in line with the benchmark index, while the Nasdaq saw even greater price swings. Crude futures are quiet despite an OPEC+ meeting today that will discuss output. While the main focus this week will be ADP's September employment report and the non-farm payrolls report for last month, investors are also sizing up what kind of returns could be in store for the rest of the quarter: The bulls: "Q4 2021 will likely record a higher-than-average return," noted CFRA chief investment strategist Sam Stovall. "However, investors will need to hang on tight during the typically tumultuous ride in October, which saw 36% higher volatility
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Stock futures edgy to start week; U.S. teases China trade policy