Wall Street Set for Lower Open as Investors Await Key Job Reports
Wall Street is expected to open lower as investors exercise caution ahead of key job reports and comments from Federal Reserve officials, including Chair Jerome Powell. Major indexes saw gains last week but face volatility due to pending economic data and rate-cut speculations.
Wall Street was poised for a lower open on Monday as investors took a cautious stance following last week's rally. The anticipation surrounds several key job reports and speeches scheduled this week by Federal Reserve policymakers, including Chair Jerome Powell.
The futures for major indexes showed a decline: Dow E-minis dropped by 69 points or 0.16%, S&P 500 E-minis fell by 15 points or 0.26%, and Nasdaq 100 E-minis went down 71.25 points, or 0.36%. This hesitation comes after the blue-chip Dow and the S&P 500 set notable record highs.
Economists warn that missteps in setting interest rates could jeopardize the economy in the coming year. Investors are closely watching for clues in job data and business activity estimates to gauge future rate cuts and economic health.
(With inputs from agencies.)
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