US Stock Market Prediction: Wall Street opens on Monday, October 5, as traders weigh if the strong rally from Friday can be sustained despite a disappointing US jobs report that lessened hopes of a further increase in the Federal Reserve’s interest rates. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite closed higher Friday, but investors will now focus on new economic indicators, treasury yields, oil prices and the Fed’s monetary policy stance.
The Dow Jones climbed by 0.49 percent Friday to close at 51,176.96, while the S&P 500 added 0.73 percent, closing at 7,722.72 meanwhile, the Nasdaq Composite rose by 1.19 percent, closing at 27,190.86 as the Nasdaq hit its all-time high during the session but lost some gains.
US Stock Market Futures
The latest available futures settlement before the weekend was:
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- Dow futures: 51,477, up 0.46%
- S&P 500 futures: 7,777, up 0.68%
- Nasdaq 100 futures: 31,049, up 0.94%
The figures are futures indications rather than actual Monday index levels. Futures reopen Sunday at 6 p.m. ET, while regular trading on the NYSE and Nasdaq begins Monday at 9:30 a.m. ET.
US Stock Market Futures: Why Monday Could Be Important
US Stock Market Prediction: What To Expect
US stock market futures are closed over the weekend and will reopen on Sunday evening ahead of Monday’s regular session. The latest Friday settlement showed S&P 500 futures up 0.68%, Nasdaq 100 futures up 0.94% and Dow futures up 0.46%. These futures moves provide an indication of sentiment but do not guarantee where the indexes will open or finish on Monday while investors are likely to focus on whether the softer labor-market data continues to support equities or whether concerns about inflation, Treasury yields and geopolitical tensions limit further gains.
Dow Jones Prediction Monday
The Dow Jones could remain sensitive to interest-rate expectations and movements in Treasury yields when trading resumes Monday. The index gained 250.40 points, or 0.49%, on Friday to finish at 51,176.96 after the September employment report showed much weaker hiring than expected. The latest Dow futures settlement was around 51,477, up 0.46% while a positive futures signal could provide support at the opening bell, although investors will still need to assess economic data and bond-market moves during the session.
S&P 500 Prediction Monday
The S&P 500 finished Friday at 7,722.72, gaining 0.73% and moving back to within roughly 1% of its record high. The index benefited from expectations that weaker employment conditions could make the Federal Reserve less inclined to raise interest rates again in October and S&P 500 futures last settled about 0.68% higher at 7,777. If that sentiment holds when futures reopen Sunday, the benchmark could begin Monday on a firmer footing however, a rise in Treasury yields or renewed strength in oil prices could put pressure on risk assets.
Nasdaq Prediction Monday
The Nasdaq may remain one of the key indexes to watch because technology and growth stocks tend to be particularly sensitive to changes in interest-rate expectations. The Nasdaq Composite jumped 1.19% on Friday to 27,190.86, outperforming the Dow and S&P 500. Nasdaq 100 futures last settled 0.94% higher at about 31,049 and the strong futures performance suggests positive momentum going into the new week, although the actual direction could change once US trading resumes and investors respond to economic data.
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