U.S. stock futures edged lower Monday night after Wall Street started the week with fresh record highs. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.15%, 0.15%, and 0.17%, respectively, at 8:43 p.m. EDT on October 6.
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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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