Investors are cautious as U.S. markets open lower, anticipating key labor market data later this week. Futures for the S&P 500 and Dow Jones fell 0.3% pre-market. Amid earnings reports, Bath & Body Works saw a 7% drop despite beating targets and raising guidance, while Designer Brands slipped 9% on weak profits.
This week’s data includes job openings, weekly layoffs report, and Friday’s jobs report influencing the Federal Reserve’s policy meeting. Globally, India’s Sensex plummeted 8% as investors sold shares post-election polls. European markets dipped, with Asia and Chinese shares slightly recovering. The 10-year Treasury yield steadied at 4.38%, crude oil prices dipped, and the U.S. dollar weakened.
Monday saw a mixed finish for U.S. stocks, with the S&P 500 slightly up, Dow down, and Nasdaq rising. As markets respond to upcoming data releases and global uncertainties, investors are bracing for potential volatility and policy changes.
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