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Stock Futures Pause Ahead Of Economic Data Influx

Futures in New York remained little changed on Tuesday morning as investors braced themselves for the release of a wave of economic data that is set to provide a reading of the health of the US economy following what has thus far been a disappointing month.

S&P 500 futures edged 0.05% higher during early trading, while contracts listed on both the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index edged higher by 0.04%. This comes after all three indices closed higher during Monday’s session.

Markets will see data on US consumer confidence, job openings, and the Case-Shiller home price index on Tuesday, while key PCE inflation and August payrolls data is expected to be released on Thursday and Friday.

This data will be digested by investors as they look to determine the likelihood of further interest rate hikes from the Federal Reserve in its fight to cool inflation. Fed Chair Jerome Powell expressed a cautious outlook during his keynote address at Jackson Hole on Friday, raising bets for further interest rate hikes.

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