Today’s Stock Market Update: Dow, S&P 500, and Nasdaq Steady as Wall Street Prepares for Major Jobs Data Revision

US stock futures were steady on Tuesday as investors braced for job numbers revisions. These figures are expected to reveal a weaker labor market, potentially influencing plans for interest rate cuts.

The Dow Jones Industrial Average futures were flat, while the S&P 500 futures ticked up 0.1%. Futures for the tech-heavy Nasdaq 100 rose by about 0.2%. Monday saw stock prices reach record highs, but this cautious mood is now the main focus today.

Economists predict that the Bureau of Labor Statistics may revise down employment numbers by around 700,000 for the year leading to March 2025. This adds urgency to discussions about how the Federal Reserve will respond to signs of a slowing labor market. Many believe interest rates will soon be cut when Fed officials meet next week, but the size of that reduction is still under debate.

Later this week, crucial inflation data will be released. The producer price index (PPI) comes out on Wednesday, followed by the consumer price index (CPI) on Thursday. These numbers will help determine if rising prices could hinder significant rate cuts.

In tech news, Apple is gearing up for its annual fall event, expected to unveil the iPhone 17, new Apple Watches, and heart rate-tracking AirPods. There’s speculation about whether these new products will capture enough consumer interest, especially after a spike in sales earlier this year related to tariffs.

Stock prices for some companies are making headlines. Tourmaline Bio surged over 50% in premarket trading after announcing a significant deal with Novartis. Shares of Nebius also jumped following news of a $17.4 billion AI collaboration with Microsoft.

Analysts are eager to hear earnings reports from Oracle and GameStop later today, which could further shape market sentiment.

Interestingly, gold prices reached new heights overnight, spurred by optimism surrounding potential interest rate cuts.

In conclusion, as markets navigate these economic signals, many are watching the intersection of employment data, inflation, and corporate performance closely. These elements will likely play a critical role in shaping market trends and investor decisions in the coming days.



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labor-market, jobs numbers, US stock futures, Dow Jones Industrial Average