Monday’s open saw Wall Street pressing pause. Stock futures sagged slightly after last week’s rally, as investors settled in for a packed week ahead. Big-box earnings from Walmart, Home Depot, and Target are poised to offer a pulse check on consumer spending in the face of inflation and trade uncertainty. Meanwhile, the Fed’s annual Jackson Hole symposium—a stage always rife with rate cues—has markets on edge, with Powell’s remarks expected to tilt sentiment.
Diplomatic developments added another layer of intrigue: President Trump is set to host Ukrainian President Zelenskiy and a host of European leaders in a crucial summit aimed at steering peace talks. Any breakthroughs—or setbacks—could ripple into energy markets and broader investor confidence.
Amid this backdrop, futures softened modestly. S&P 500 and Dow futures ticked lower, while Nasdaq held steady—suggesting investors are stepping back, ready to react to fresh data. Notably, UnitedHealth shares got a pre-market lift, while crypto-linked stocks and bitcoin slipped. Meanwhile, M&A headlines caught eyes, with Dayforce and Soho House seeing sharp moves after deal rumours emerged.
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