Stocks were little changed before the bell rang on Tuesday, as investors braced for a flood of fresh readings on the health of the US economy as a dismal August draws to a close.
Futures for the S&P 500 Index (^GSPC), the Dow Jones Industrial Average (^DJI) and the Nasdaq Composite Index (^IXIC) were all broadly flat. The three major US metrics posted a win on Monday – a rarity in what appears to be a losing month.
Wall Street will get updates on US Consumer Confidence, Job Opportunities, and the Case-Shiller House Price Index on Tuesday, which serves as a prelude to the headline PCE inflation and August payroll reports due Thursday and Friday.
Although the issue of recession is still on the forefront of investors’ minds, the strength of this data could influence investors’ expectations for further interest rate hikes by the Fed. The dovish tone of Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole last week left some policymakers unconvinced that they wouldn’t take more action to quell inflation.
This content is not available due to your privacy preferences.
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
