U.S. stock futures were lower early Tuesday as traders anticipated a strong finish to September. Meanwhile, concerns about a possible U.S. government shutdown kept weighing on investor sentiment.
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Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.16%, 0.18%, and 0.23%, respectively, at 4:48 a.m. EST on September 30.
During Monday’s regular trading session, all three major indexes ended the session higher, led by a rebound in technology stocks, especially companies tied to artificial intelligence (AI). The Nasdaq, the S&P 500, and the Dow Jones rose by 0.48%, 0.26%, and 0.15%, respectively.
September has historically been a sluggish month for equities, but this year has been an exception. The major U.S. stock indexes are trading near record highs and are set to close out a strong month. So far in September, the Nasdaq Composite has gained about 5.3%, the S&P 500 has advanced around 3.1%, and the Dow Jones Industrial Average has risen about 1.7%.
On the economic front, investors are awaiting the consumer confidence report for September, which could provide insights into household sentiment amid ongoing inflation concerns. They are also anticipating the Job Openings and Labor Turnover Survey (JOLTS) report, which offers important signals about the labor market’s health. Recent reports show a cooling in labor demand, with job openings declining, hiring growth slowing, and layoffs rising modestly.
Turning toward earnings, shoemaker Nike (NKE) and food processor Lamb Weston (LW) are set to report quarterly results today.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.12%. WTI crude oil futures were trending lower, hovering near $62.85 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $3,883 per ounce on Tuesday.
Elsewhere, European stocks opened lower on September 30, as traders assessed U.S. President Donald Trump’s tariffs and the looming risk of a U.S. government shutdown.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets traded mixed Tuesday after official data showed China’s manufacturing activity contracted less than expected.
Hong Kong’s Hang Seng index advanced 0.87%. In China, the Shanghai Composite gained 0.52%, while the Shenzhen Component climbed 0.72%. Meanwhile, Japan’s Nikkei dropped 0.25%, and the Topix gained 0.19%.
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