U.S. stock futures held relatively steady Monday evening after a strong start to the new trading week. Futures on the Dow Jones Industrial Average (DJIA) were down 0.03% at 6:44 p.m. EDT on October 6, while the Nasdaq 100 (NDX) and the S&P 500 Index (SPX) futures were up 0.01% each.
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Monday’s regular trading session saw broad market optimism, driven by expectations of an acceleration in M&A activity and an upcoming Federal Reserve interest rate cut. The S&P 500 extended its winning streak to seven consecutive days. The current record rally is taking place despite an ongoing U.S. government shutdown, which has now entered its second week.
This week, market attention is focused on the Fed minutes due Wednesday afternoon, as well as upcoming commentary from several Federal Reserve officials, including Vice Chair Michelle Bowman, Governor Stephen Miran, and Minneapolis Fed President Neel Kashkari.
Also, the corporate earnings season will begin to pick up pace, with reports from PepsiCo (PEP) and Delta Air Lines (DAL) scheduled for Thursday.
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