{"id":212442,"date":"2025-09-09T09:18:11","date_gmt":"2025-09-09T09:18:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/212442\/"},"modified":"2025-09-09T09:18:11","modified_gmt":"2025-09-09T09:18:11","slug":"dow-sp-500-nasdaq-drift-higher-as-wall-street-weighs-feds-next-move","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/212442\/","title":{"rendered":"Dow, S&P 500, Nasdaq drift higher as Wall Street weighs Fed’s next move"},"content":{"rendered":"\n

US stock futures nudged up on Tuesday as investors eyed the prospects for interest-rate cuts ahead of marquee inflation readings later in the week, with Apple’s (AAPL<\/a>) annual iPhone event in closer view.<\/p>\n

Futures attached to the Dow Jones Industrial Average (YM=F)<\/a> hovered above the flat line, while those on the S&P 500 (ES=F)<\/a> inched up 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F)<\/a> put on 0.2%, after stocks rose<\/a> on Monday to lift the Nasdaq Composite (^IXIC<\/a>) to a record high.<\/p>\n

Markets are starting to debate the scope of Federal Reserve easing after a slew of indications<\/a> that the labor market is in the midst of a slowdown. Those signs have convinced<\/a> traders that an interest-rate cut is coming at the Fed’s September meeting next week. Now the question is how large the reduction<\/a> might be.<\/p>\n

On Tuesday, investors get further insight into the labor market with the release of revisions to earlier months’ jobs data<\/a>. Economists expect the new Bureau of Labor Statistics numbers to show slower job growth.<\/p>\n

More crucial releases will land later this week, with the latest reading of the producer price index (PPI) on Wednesday and the consumer price index (CPI) on Thursday.<\/p>\n

Fed officials face a tricky balancing act<\/a> in trying to manage stubborn inflation<\/a> against an increasingly shaky labor market. The CPI and PPI readings will shine light on whether rising prices could become a significant stumbling block to deep or sustained rate cuts.<\/p>\n

Also in focus is Apple’s annual fall event,<\/a> where the tech giant is expected to showcase devices including the iPhone 17 and iPhone Air, as well as new watches and heart rate-tracking AirPods. Experts question<\/a> whether the smartphone updates can generate enough consumer interest to drive up sales, especially following a tariff-fueled buying frenzy earlier this year.<\/p>\n

Oracle (ORCL<\/a>) and GameStop (GME<\/a>) are set to report earnings after the bell.<\/p>\n

LIVE 1 update <\/p>\n