U.S. stock futures were up slightly on Wednesday evening, following a weak trading session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.07%, 0.06%, and 0.04%, respectively, at 6:15 p.m. EDT on September 24.
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On Wednesday, U.S. stock indices slipped for a second consecutive session. The Dow Jones fell 0.4%, while the S&P 500 and Nasdaq each dipped 0.3%. Investor sentiment may have been impacted by Fed Chair Jerome Powell’s remark that stocks were “fairly highly valued,” his first public comment since the Fed’s recent interest rate cut.
Looking ahead, investors are awaiting initial jobless claims data, the GDP estimate, and the existing home sales report for August, all scheduled for release tomorrow. In key earnings reports, membership-only retailer Costco (COST) will release its quarterly numbers on Thursday.
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