FX.co ★ US Futures Point to Losses at the Open

On Friday, U.S. stock futures experienced a downturn, with the Dow Jones, S&P 500, and Nasdaq contracts each dropping by approximately 0.3%. This decline continued the losses from the previous day and indicated another week of setbacks. Investor caution was fueled by ongoing concerns about AI stock valuations and indecision regarding the Federal Reserve's next interest rate action. This environment was further complicated by growing divisions among policymakers and apprehensions about the labor market's health. Moreover, the ongoing government shutdown has led to delays in crucial economic data releases, such as the nonfarm payrolls report, which was initially slated for today. In premarket activities, Nvidia saw a decline of 1.6%, marking its fourth consecutive day of losses. Other major tech stocks also showed weakness, with Microsoft dipping by 0.4%, Apple by 0.3%, Amazon by 0.7%, Meta by 0.8%, Alphabet by 1.3%, Broadcom by 1.3%, and Oracle by 1.4%. Tesla experienced a reduction of 0.8% following shareholder approval of Elon Musk’s potential $1 trillion compensation package. For the week, the S&P 500 has decreased by 1.8%, the Dow Jones by 1.4%, and the Nasdaq by 2.8%.