Tuesday saw a fall in U.S. stock futures as investors prepared for what may be a challenging month following a robust but turbulent August.
Futures linked to the Dow Jones Industrial Average fell by 0.5%, or 197 points. Futures on the S&P 500 dropped 0.5%, while those on the Nasdaq-100 dropped 0.6%.
Because Monday is Labour Day, U.S. markets are closed. Following a profitable day, the major averages have secured a gain for the month.
Significantly, the S&P 500 achieved its fourth consecutive month of gains. Following a sharp sell-off at the start of the month, those actions were taken.
Early August saw a sharp decline in stocks due to worries that the U.S. economy might enter a recession and the closing of a well-known hedge fund deal involving the Japanese yen.
Source (CNBC)