Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2024 in New York City.
Michael M. Santiago | Getty Images
Stock futures slipped on Wednesday as Wall Street looks to extend its September gains.
S&P 500 futures were down 0.2%, and Nasdaq-100 futures fell 0.3%. Futures tied to the Dow Jones Industrial Average dipped 37 points, or 0.1%.
The moves come after the S&P 500 and Dow closed at record highs after gaining 0.25% and 0.20%, respectively. The Nasdaq Composite gained 0.56% and is less than 4% from its record high.
All three averages are on track for a positive September, though fears of a slowing economy still linger after last week’s rate cut from the Federal Reserve.
Now that the central bank has begun to lower interest rates, the economy is becoming a bigger focus for investors.
“I’m a buyer of this rally until unemployment claims start rising, until earnings start declining, really until growth’s a problem. And I think we’re going to see a really volatile market between those growth and slowdown narratives until that time,” Lauren Goodwin, chief market strategist at New York Life Investments, said Tuesday on CNBC’s “Closing Bell.”
Upcoming economic data includes new home sales for August, due out on Wednesday morning, and weekly jobless claims on Thursday.
