The trader is working on the floor of the New York Stock Exchange (NYSE) on September 21, 2021.
Brendan MacDermid | Reuters
Equity futures were flat on Thursday night trading after the S & P 500 recorded the worst month since March 2020.
The Dow Jones Industrial Average futures rose by just 15 points. S & P 500 futures remained largely unchanged and Nasdaq 100 futures rose 0.1%.
Markets closed the turbulent September as inflation concerns, slowing growth and rising interest rates soared. The S & P 500 ended the month with a 4.8% drop, defeating seven months in a row. The Dow and Nasdaq Composites fell 4.3% and 5.3%, respectively, and suffered the worst month of the year.
Chris Hassy, managing director of Goldman Sachs, said: “Slow growth, accommodative monetary policy, headwinds in China, declining fiscal stimulus, and persistent supply chain bottlenecks are all in the fall and fourth. We colluded to put pressure on investor sentiment for the quarter. ” I said in a memo.
Ten of the 11 S & P 500 sectors suffered losses in September and turned negative as material inventories fell by 7.4% per month. Energy is the best performer of the month, with over 9%.
Investors are waiting for key inflation data scheduled for Friday to measure the state of price pressure as the economy recovers from the pandemic. The core consumer spending price index, the inflation index used by the Federal Reserve to set policies, is expected to rise 0.2% in August and 3.5% year-on-year, according to economists surveyed by Dow Jones. I am.
Inflation rose 3.6% year-on-year in July, reaching its highest level since May 1991.
Mike Loewengart, Managing Director of Investment Strategy at E-Trade Financial, said:
Congress was ready to prevent the government from closing on Thursday. Both the Senate and the House of Representatives have passed a short-term budget that will keep the government running until December 3, and sent it to President Joe Biden for signature.
Equity futures flat after S & P 500 hits its worst month since March 2020
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