LONDON: Stock futures pointed to a struggle for direction on Wall Street Monday, with markets unable to get a foothold amid pressure for European markets and more downbeat data out of China.
As well, economists were still debating whether last Friday’s jobs data strengthened the case for hiking interest rates sooner rather than later, as a Federal Open Market Committee meeting looms for this month.
Futures for the Dow Jones Industrial Average YMM5, -0.06% were flat at 17,840, while those for the S&P 500 index ESM5, -0.11% edged down 0.95 point to 2,091.25. Futures for the Nasdaq-100 index NQM5, -0.14% dipped 3.5 points to 4,478.
The S&P 500 SPX, -0.14% stands at its lowest level since May 7, after two straight consecutive weekly declines. Last week, the index fell 0.7%, while the Dow industrials DJIA, -0.31% dropped 0.9% as that upbeat jobs data raised concerns that an interest-rate hike this fall is not off the cards.
