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U.S. Stock Futures Dip Amid Tariff Uncertainty as Markets Eye August Jobs Report
U.S. Stock Futures Dip Amid Tariff Uncertainty as Markets Eye August Jobs Report
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BTCCSquare news:
U.S. stock futures opened September lower, with Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average (DJIA) contracts down 0.70%, 0.61%, and 0.56% respectively. The decline follows a federal appeals court ruling against former President Trump's global tariffs, which his administration plans to appeal to the Supreme Court.
Equities had closed August strongly despite historical September weakness, with the Dow gaining 3%, SPX rising nearly 2%, and NDX advancing 1.6%. Market participants now await critical economic data including construction spending, vehicle sales, and Friday's August jobs report - a key input for the Federal Reserve's upcoming rate decision.
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