An August 27, 2021, trader at the New York Stock Exchange.
U.S. stock futures fell overnight on Sunday, after the Dow Jones Industrial Average posted three consecutive weeks of losses for only the third time since September 2020.
Futures on Dow lost 114 points or 0.3%. S&P 500 futures dropped 0.3%, while Nasdaq 100 futures ticked 0.2% higher.
September was a weak season for stocks and the stock market has struggled.
Friday's regular session ended with the Dow closing at 34,584.88, or 166.44 points lower. S&P 500 lost 0.9% at 4,432.99, while the Nasdaq Composite fell 0.9% to close on 15,043.97.
Friday's trading volume was more than double the 30-day average volume for S&P 500. Friday saw the expiration stock options, index options and stock futures, a quarterly event known by "quadruple witching".
The three major averages are all negative for the month but they still remain less than 3% below their historical highs.
This week will see the highly anticipated September Federal Reserve meeting. At the end of the two-day meeting, Fed Chair Jerome Powell will host a press conference on Wednesday. Investors want to know more about the Fed's decision to reduce its easy monetary policy.
Powell said that the so-called tapering could happen this year. Investors are still waiting for more details, especially after mixed economic data has been released since Powell's last comments.
Although markets are not in danger, there are factors that could cause a "wall of worry" (i.e. China, supply chain issues and Fed policy, debt ceiling, infrastructure/tax bills, China, China, supply chains, Fed policy, Fed policy, Fed Policy, Fed Policy, Fed policy, Fed policies, and Fed strategy), In a note, Raymond James Chief Investment Officer Larry Adam stated that volatility and normal pullbacks are to be expected and that he would use these periods for opportunities.
Investors are also looking forward to major quarterly earnings reports from Adobe, FedEx and Darden Restaurants this week. Costco, Nike, and FedEx will all be reporting financial results.
