Stock Futures Calm as Wall Street Aims to Extend September Gains #

Stock futures remained steady on Tuesday evening as the market looks to build on its September momentum.

The S&P 500 and Dow closed at record highs after gaining 0.25% and 0.20%, respectively. The Nasdaq Composite rose 0.56% and is now less than 4% from its record high.

All three major indices are on track for a positive September, despite lingering concerns about economic slowdown following last week’s Federal Reserve rate cut.

With the central bank initiating interest rate reductions, investors are increasingly focusing on the broader economic picture.

Market analysts suggest that the current rally could continue until signs of economic weakness emerge, such as rising unemployment claims or declining earnings. The market is expected to remain volatile as it navigates between growth and slowdown narratives.

Upcoming economic indicators to watch include new home sales data for August, set to be released on Wednesday morning, and weekly jobless claims on Thursday.

Investors will also be closely monitoring company commentary, particularly as the third-quarter earnings season approaches in early October.

Market experts emphasize that the upcoming earnings season could be as crucial, if not more so, than Federal Reserve actions and interest rate movements in determining the future direction of stocks.