Early on Tuesday, as Wall Street prepared for the commencement of the Federal Reserve’s two-day September policy meeting, stock futures moved marginally higher.
The Dow Jones Industrial Average futures increased 45 points, or 0.13%, while the S&P 500 futures and Nasdaq 100 futures each increased 0.15%.
The S&P 500 edged up 0.07% over the previous session, which was generally unchanged for the major averages. The 30-stock Dow gained 0.02%, or 6.06 points, while the Nasdaq Composite managed only a 0.01% gain.
Ankur Crawford, executive vice president and portfolio manager at Alger, said on CNBC’s “Closing Bell” on Monday that “the overall market feels a little bit choppier than we’ve experienced for the first nine months of this year.” China, which was meant to function and emerge from Covid, is displaying signs of a little bit more pressure from the American consumer. We are therefore moving towards choppy markets, which is essentially simply a waterfall into technology.
Source (CNBC)
