Even as the full resumption of post-shutdown economic data remains uncertain, investors will receive the long-awaited September jobs report on Thursday, according to the BLS website.
This delayed report offers a crucial snapshot of the labor market, especially as recent caution from Fed officials has cast doubt on a rate cut next month.
Additionally, investors await Nvidia Corp.‘s (NASDAQ:NVDA) earnings results, scheduled for this week on Wednesday.
Meanwhile, the 10-year Treasury bond yielded 4.12% and the two-year bond was at 3.60%. The CME Group's FedWatch tool‘s projections show markets pricing a 43.6% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.10%
S&P 500
0.45%
Nasdaq 100
0.73%
Russell 2000
0.24%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Monday. The SPY was up 0.31% at $674.02, while the QQQ advanced 0.57% to $612.49, according to Benzinga Pro data.
Stocks In Focus
Alphabet
Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares rose 5.39% in premarket on Monday after Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) unveiled a new stake worth $4.34 billion in the Class A shares of the company on Friday.
Benzinga’s Edge Stock Rankings indicate that GOOGL maintains a stronger price trend over the short, medium, and long terms, with a moderate value ranking. Additional performance details are available here.
Dell Technologies
Dell Technologies Inc. (NYSE:DELL) tumbled 4.04% after Morgan Stanley downgraded it to ‘Underweight’ from ‘Overweight’ on Monday, cutting its price target from $144.00 to $110.00, according to an Investing.com report.
DELL maintained a stronger price trend over the long term but a weak trend in the short and medium terms, with a strong growth ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
Boeing
Boeing Co.
