US Futures Decline to Start the Week — TradingView News

Markets in China and Hong Kong are closed today, Tuesday, October 1, 2024

US stock futures fell on Monday as investors searched for fresh market catalysts in the new trading week.

Last week, the S&P 500 and Nasdaq Composite dropped 2.3% and 2.4%, respectively, marking their fourth consecutive weekly decline.

The Dow also slid 3.1%, recording its worst weekly performance since 2023.

Those losses came as President Donald Trump’s escalating tariff policies and growing recessionary fears in the US rattled financial markets.

Investors are now awaiting US retail sales data on Monday for insights into consumer spending trends.

Additionally, markets are focused on the Federal Reserve’s policy decision on Wednesday, where the central bank is widely expected to keep interest rates steady.

Meanwhile, Nvidia CEO Jensen Huang is set to speak at the GTC developer conference this week, where he will discuss the future of AI.

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