Stocks on Wall Street were directionless on Monday, with major averages fluctuating near the unchanged line. The Dow dropped 0.2%, the Nasdaq fell 0.1%, and the S&P 500 was down 0.2%. Traders are awaiting delayed U.S. economic data post the government shutdown, including reports on construction spending, factory orders, trade deficit, and September jobs. The Federal Reserve’s next meeting in December could be impacted by this data, with a 57.1% chance of unchanged rates and 42.9% chance of a rate cut. Nvidia’s Q3 results, to be released Wednesday, will also be closely watched. Sector-wise, airline stocks are down, while biotechnology is up. Overseas, Asia-Pacific markets were mixed, and most European stocks are down. Bond market sees treasuries rebounding after recent declines.
Read more at Nasdaq: U.S. Stocks Showing A Lack Of Direction Ahead Of Data, Nvidia Earnings
