Powell Industries, Inc. shares fall 1.02% intraday as US stock futures dip ahead of key economic data.

Powell Industries, Inc. declined 1.02% in intraday trading, with the broader market sentiment being cautious ahead of crucial economic data releases. U.S. stock index futures fell as investors awaited the August nonfarm payrolls report and other key economic indicators, which could influence the Federal Reserve's decision on monetary easing. The market is pricing in a high probability of a 25-basis-point cut in interest rates, reflecting a dovish tilt following July's weak job report.