Dow Futures Fall 110 Pts; Tesla Shines After 3Q Deliveries By Investing.com – Investing.com

Dow Futures Fall 110 Pts; Tesla Shines After 3Q Deliveries By Investing.com – Investing.com

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By Peter Nurse   

Investing.com - U.S. stocks are seen opening lower Monday, handing back some of the strong gains of the previous session, as investors react with caution at the start of a week that includes the key official employment report.

At 7:05 AM ET (1105 GMT), the contract was down 110 points, or 0.3%, traded 16 points, or 0.4%, lower, while dropped 80 points, or 0.6%.

The major indices started the new month strongly on Friday, helped by Merck’s news of positive results for its oral Covid-19 treatment, boosting stocks associated with the reopening. The blue chip gained almost 500 points, or 1.4%, while the broad-based rose 1.2% and the climbed 0.8%.

That said, September was a tricky one, as equity investors fretted about high levels of inflation, likely Federal Reserve tapering and rising interest rates.

Friday sees the release of the closely watched release, which could influence the Fed’s decision on when to taper its bond-buying program.

An addition of 488,000 jobs is expected as far as the September release is concerned, which would be a sharp increase from the 235,000 payrolls which were added in August.

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