Futures waver following U.S. stopgap funding deal; data, Fed speak ahead
Investing.com -- U.S. stock futures oscillated around the flatline on Monday, paring back some earlier gains, as investors digested the implications of an eleventh-hour deal to prevent a U.S. government shutdown over the weekend and looked ahead to fresh economic data this week.
The main indices were mixed in the final day of September trading on Friday, although all three slipped on a monthly basis. Thein particular dropped to their worst month of 2023 so far. However, the indices are up for the year, highlighting the strength of a rally several months ago that was driven by soaring enthusiasm for generative artificial intelligence.
Meanwhile, Fed Chair Jerome Powell is scheduled to speak at 11:00 ET at a roundtable discussion with small business owners. Philadelphia Fed President Patrick Hasker and Cleveland Fed President Loretta Mester are also slated to make remarks during the day.) shares also rose after the company announced that its Singapore arm had obtained a license to offer digital payment token services to individuals and institutions in the city-state.
"We do not believe that the group will change its output policy," analysts at ING said in a note."However, what is possible , is Saudi Arabia starting to ease its additional voluntary supply cut of [one million] [barrels per day]."
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