How are stock-index futures trading:
S&P 500 futures are down 0.1%.
Dow Jones Industrial Average futures are adding 0.3%.
Nasdaq 100 futures are dipping 0.1%.
On Monday, the Dow Jones Industrial Average rose 17 points, or 0.04%, to 42,330, the S&P 500 increased 24 points, or 0.42%, to 5,762, and the Nasdaq Composite gained 70 points, or 0.38%, to 18,189.
Futures indicate October will get off to a soft start for stocks, though both the S&P 500 and Dow Jones Industrial Average will be slipping from fresh record closing highs.
Sentiment on Tuesday is being damped by concerns that a prolonged strike by dockworkers will badly damage the U.S. economy.
“Dockworkers across the U.S. Eastern Seaboard have gone on strike for the first time since 1977. The stakes are high and if the walk-out persists beyond a week it could stoke inflationary pressures and lead to shortages on the shelves in the States,” said Russ Mould, investment director at AJ Bell.
A batch of labor data this week will begin with Tuesday’s job opening report for August, due at 10:00 a.m. Eastern, and will conclude on Friday with the nonfarm payroll report for September.
Traders are also keeping a wary eye on Israel’s incursion into Lebanon, though oil markets don’t appear to fear any impact on supply from the region, with Brent crude down more than 2%.
The third quarter earnings season looms, too, with some of the big banks kicking it off a week on Friday.
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