Stock Futures Slip as Job Openings Plummet: Market Update
Stock futures slipped slightly after a third consecutive winning session on Wall Street, as investors try to recover from August's losses. The Dow Jones Industrial Average futures fell 0.03%, while S&P 500 futures and Nasdaq 100 futures slipped 0.2% and 0.3% respectively. The gains on Tuesday were driven by data suggesting a slowdown in the economy, which could potentially lead to a more accommodative stance from the Federal Reserve. Despite the recent gains, the major indexes are still on track for losses in August. Investors will be closely watching upcoming labor statistics and economic data releases. Additionally, European equity markets opened higher, and Chinese property firm Country Garden Holdings plans to issue new shares to repay loans. Nio's shares plunged after posting a wider net loss, and Australia's inflation rate slowed in July. Chinese state-owned banks are expected to lower interest rates on existing mortgages for the first time since the global financial crisis.