U.S. Stock Futures Dip Amidst Economic Policy Uncertainty

U.S. stock index futures saw a dip on Monday due to investor caution ahead of key jobs reports and comments from Federal Reserve Chair Jerome Powell. Market indices including the Dow and S&P 500 saw slight drops, while sectors like healthcare and automakers showed mixed performance. Key economic data is awaited.

On Monday, U.S. stock index futures slipped as investors exercised caution ahead of a week marked by numerous jobs reports and comments from key policymakers, including Federal Reserve Chair Jerome Powell.

The Dow E-minis fell 63 points, or 0.15%, the S&P 500 E-minis dropped 12.75 points, or 0.22%, and the Nasdaq 100 E-minis declined 62.75 points, or 0.31%. Futures tracking the Russell 2000 index of small-cap stocks also dipped by 0.64%.

Despite the blue-chip Dow closing at a record high last Friday, and the S&P 500 nearing its all-time high, both indices are poised for their fifth consecutive monthly gain, countering the usual September trend of weakness in equities. Recent data suggests moderating price pressures, which could allow the Fed to support the labor market by reducing borrowing costs further. However, the stakes remain high for setting interest rates as Chair Powell prepares to speak at 1:55 p.m. ET.

(With inputs from agencies.)