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NewsWare's Trade Talk: Monday, September 30
Manage episode 442787108 series 3349023
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S&P Futures are flat to lower ahead of this morning as we head into the week with employment data in focus. Fed Chair Jerome Powell is speaking this afternoon. The union of dockworkers on the east coast appear likely to go on strike a midnight as contract expires. Boeing talks with union officials are stalled over pension issues. Auto stocks are lower as Stellantis lowers its guidance. AT&T is selling its 70% stake in DirectTV to TPG. In Europe, markets are weakening as the selloff in auto stocks is pushing indices lower. Oil prices are edging higher as additional Chinese stimulus and elevated Middle East tensions are pushing oil prices higher this morning.
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