Nasdaq Hits Fresh Record Highs as Wall St Futures Pause on Monday
US stock futures slipped on Monday as tech shares cooled from record levels, while investors watched Treasury yields, oil prices and signs on interest rates.
US stock index futures edged lower on Monday, Oct 5, according to Reuters. Technology shares eased after hitting record highs, giving the market a short pause.
The tech-heavy Nasdaq reached new peaks in the previous session. Reuters said weaker-than-expected jobs data cooled hopes that interest rates would go up.
Chip makers were the main drag in early trading before the market opened. Intel fell more than 4%, and Micron Technology slipped 0.3%. Nvidia moved the other way, rising 0.5% after it touched a record high on Friday.
Investors were also looking for more hints about where interest rates are heading. Treasury yields and oil prices were still high, which kept that question in focus.
The notes also mention a headline about Intel and a possible tie-up between TSMC and Terafab, plus an analyst comment on share losses. The details are not included in the notes, so they cannot be confirmed here.
Key facts
- Futures tied to major American stock indexes slipped a little on Monday, October 5, Reuters reported.
- The Nasdaq hit new record highs in the prior session.
- Intel fell more than 4% in premarket trading.
- Micron Technology dipped 0.3%, while Nvidia rose 0.5%.
- Nvidia touched a record high on Friday.
- Treasury yields and oil prices remained high.
Why it matters
A small dip after record highs is a normal part of how markets work, since prices move up and down. For everyday investors, it is a reminder that one day's moves, especially before the market opens, say little about the longer picture. Watching the trends in jobs data and interest rates can help explain why prices shift.
What happens next
Investors will keep looking for new clues on interest rate plans, along with moves in Treasury yields and oil prices.
Sources
- Wall St futures dip as tech stocks take a breather – Investing.com Economy
- Wall St futures dip as tech stocks take a breather – The Mighty 790 KFGO
- Wall St futures dip as tech stocks take a breather – reuters.com
- Wall St futures dip as tech stocks take a breather – Wichita Eagle
- Most Stocks Are Losers – A Wealth of Common Sense
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