Stock Market Today: S&P 500, Nasdaq Futures Gain As Government Shutdown Looms— Kellanova, Carnival Corp, Jefferies In Focus

2 months ago

U.S. stock futures rose on Monday following Friday’s advances. Futures of major benchmark indices were higher.

As the futures advanced, gold prices also hit a new all-time high on Monday morning, with the investors overlooking the possibility of a government shutdown.

Transcript

00:00all right starting out with the s&p futures here or the futures in general green across the board

00:12on this monday morning s&p futures up by 0.46 percent ahead of monday's open dow futures up

00:190.34 percent and the nasdaq leading the way higher up by 0.58 percent now let's take a look at some

00:28cues from the last session materials utilities and consumer discretionary stocks recorded the

00:34biggest gains on friday while consumer staples bucked the overall market trend by closing the

00:39session lower this broad strength helped u.s stocks settle higher following the release of the

00:44inflation data inflation figures released on friday showed no surprises but indicated the fed's need

00:50for caution on its rate cut cycle the personal consumption expenditures or pce price index

00:56rose by 2.7 percent year over year in august up from 2.6 percent in july which matched the forecast

01:05excuse me the core pce which excludes food and energy and is closely watched by the fed remained flat

01:10at 2.9 which was in line with expectations major indices however recorded losses last week with

01:18the nasdaq falling seven tenths the s&p losing three tenths and the dow and the dow excuse me

01:25falling two tenths now on deck for today as futures advance gold prices also hit a new all-time high on

01:32monday morning with investors overlooking the possibility of a trump-led government shutdown

01:37while the market appears calm a key risk that looms with the near certainty of a shutdown is a potential

01:44blackout for crucial economic data that could leave investors and policymakers flying blind

01:49i personally my thought on this this is i've seen this a whole bunch of times they're just kicking the

01:55can they likely get a deal done in the 11th hour to me this is much ado about nothing and i actually

02:00chuckle at the government at the trump-led government shutdown yeah cool story bro uh the 10-year treasury

02:06bond yielded 4.14 and the two-year bond yielded 3.62 percent

Stock Market Today: S&P 500, Nasdaq Futures Gain As Government Shutdown Looms— Kellanova, Carnival Corp, Jefferies In Focus

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