Wall Street Awaits Economic Data with Mixed Sentiments

Wall Street anticipated a lower opening on Tuesday with investors cautious ahead of key economic data likely to impact Federal Reserve's monetary policy. Blue-chip stocks have seen gains, but fears continue regarding the economy's health and Fed's next moves. Pre-market trading showed mixed results across various sectors.

Wall Street investors braced for a lower open on Tuesday as they awaited a series of economic data reports due this week, which could shape the Federal Reserve's monetary policy decisions.

Despite recent gains in the Dow and S&P 500, there is caution as major indexes enter a historically weak month. The Dow hit a record high, while the S&P 500 is close to its milestone.

Key indicators such as the ISM manufacturing survey and labor market reports are in focus, with the Fed's interest rate decisions hanging in the balance. Pre-market movements saw declines in rate-sensitive chip stocks, while notable performances included Tesla, Boeing, Unity Software, U.S. Steel, and Southwest Airlines.

(With inputs from agencies.)