US stock index futures were muted on Monday, as investors awaited comments from a bunch of policymakers and data to gauge the outlook for interest rates and the economy's health, days after the Federal Reserve commenced its easing cycle, reports Reuters.
The Fed's pivotal move on monetary policy in the previous week propped up Wall Street's main indexes for monthly gains, bucking a historical trend where September has been a weak month for equities on average.
Having rallied for much of the year, the S&P 500 is a whisker away from an all-time high and the blue-chip Dow closed at a record high on Friday. However, with the benchmark index's valuations above its long-term average, some caution prevails about further bids.
At 5:36 a.m. ET, Dow E-minis were up 7 points, or 0.02 per cent, S&P 500 E-minis were up 5.25 points, or 0.09 per cent and Nasdaq 100 E-minis were up 32.5 points, or 0.16 per cent.
Data on Friday showed equity fund managers raised their net long positions in S&P 500 futures contracts in the week ended September 17.
US stock index futures steady with focus on Fed speakers, economic data
FE Team | Published: September 24, 2024 00:08:53
US stock index futures steady with focus on Fed speakers, economic data
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