As the last trading day of what is expected to be a successful month and quarter approached, U.S. stock futures continued to decline.
One percent, or 56 points, was taken out of futures linked to the Dow Jones Industrial Average. Both Nasdaq 100 and S&P 500 futures saw a slight decrease of 0.3% and 0.2%, respectively.
Following a third week of advances for the major averages, those movements have occurred. September and the third quarter are scheduled to end with gains, although with minor setbacks. Monday is the last trading day for both.
Following the Federal Reserve’s huge half-point reduction in interest rates later in September, markets recovered from a difficult start to what is usually the weakest month for the stock market. Month thus far, The Dow is currently up 1.8% and the S&P 500 is up 1.6% so far this year. The tech-heavy Nasdaq has gained 2.3% so far in September.
Source (CNBC)
