US S&P 500 E-mini Futures Up 0.27%, Dow Futures Up 0.25%, Nasdaq 100 Futures Up 0.29%
US stock futures showed mixed gains on Tuesday morning, with the S&P 500 E-mini Futures up 0.27%, Dow Futures up 0.25%, and Nasdaq 100 Futures up 0.29% . The market's performance was influenced by ongoing concerns over a potential government shutdown, which could delay key economic data releases such as the September jobs report and CPI readings .
The S&P 500 futures were down 0.23% as of 12:30 GMT, while the Dow and Nasdaq 100 futures slipped 0.28% and 0.22%, respectively . Despite these early losses, all three major indexes are on track for a strong quarterly finish, with the Nasdaq leading gains. The S&P 500 has rallied more than 3% in September, the Dow is up 1.7%, and the Nasdaq has surged 5.3% .
Investors are closely monitoring the talks between Senate Republicans and Democrats, as a shutdown could come as early as Wednesday at 12:01 a.m. . The shutdown could delay the release of the September jobs report, which is scheduled for Friday, and CPI readings in October, potentially affecting the Federal Reserve's policy outlook .
Analysts caution that prolonged uncertainty could trigger a volatility spike, especially if the shutdown extends beyond two weeks . The credit rating downgrade earlier this year adds another layer of concern, as the market remains cautious about the potential impact of a shutdown on economic data releases and the Federal Reserve's policy decisions .
Premarket movements were driven by several key events, including Wolfspeed's 18% premarket surge after emerging from Chapter 11, Firefly Aerospace's 10% decline following a rocket booster explosion, and Progressive Software Corporation's 2% rise after beating Q3 earnings estimates .
In summary, US stock futures showed mixed gains on Tuesday morning, with the S&P 500 E-mini Futures up 0.27%, Dow Futures up 0.25%, and Nasdaq 100 Futures up 0.29%. The market's performance was influenced by ongoing concerns over a potential government shutdown and its potential impact on key economic data releases .
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