U.S. stock futures were trending lower on Tuesday morning due to concerns about a potential government shutdown, with investors already worried about a slowing labor market and lofty valuations of AI stocks. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.18%, 0.24%, and 0.22%, respectively, at 8:22 a.m. EST on September 30.
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Despite the ongoing uncertainty, major U.S. indices are expected to end September on a strong note. So far this month, the Nasdaq Composite, the S&P 500, and the Dow Jones have gained 5.3%, 3.1%, and 1.7%, respectively.
Looking at key stocks in focus, EchoStar (SATS) stock was up 8% in pre-market trading after Bloomberg reported on talks regarding the potential sale of some of the company’s wireless spectrum to telecom giant Verizon (VZ).
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