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US STOCKS-US stock futures cool after Wall St rally as traders await Fed cues
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US STOCKS-US stock futures cool after Wall St rally as traders await Fed cues
Oct 7, 2025 3:30 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures down: Dow 0.17%, S&P 500 0.08%, Nasdaq 0.05%

Oct 7 (Reuters) - U.S. stock index futures slipped on

Tuesday as investor fatigue set in a day after the S&P 500 and

the Nasdaq hit record closing highs, with focus now shifting to

a slate of Federal Reserve speakers for policy signals.

Equities have been climbing despite concerns over stretched

valuations, and reduced certainty around data after the federal

government shutdown entered its seventh day, leaving markets

vulnerable to a pullback.

"Stocks have rallied hard off the April lows and skipped

past the usual August-September weakness. So if we do see a

pullback in the fourth quarter, that could actually be a healthy

reset," wrote Bret Kenwell, U.S. investment analyst at eToro.

At 05:07 a.m. ET, Dow e-minis were down 82 points,

or 0.17%, U.S. S&P 500 E-minis were down 5.25 points, or

0.08%, and Nasdaq 100 E-minis were down 12.75 points, or

0.05%.

Still, the decline may prove temporary as optimism around

artificial intelligence and expectations of looser monetary

policy persist.

Traders expect the Federal Reserve to cut interest rates by

25 basis points at its meeting later this month, due to a string

of reports from last week suggesting labor market softening.

"The absence of data will keep the Fed on a glide path for

rate cuts with an improvement in labor data needed to shake the

policymaking committee off its dovish course," said Chris Hodge,

head U.S. economist at Natixis.

With no fresh economic data to guide them, investors will

turn to Fed commentary to help their portfolio positioning.

Fed Vice Chair for Supervision Michelle Bowman, Atlanta Fed

President Raphael Bostic, Fed Governor Stephen Miran and

Minneapolis Fed President Neel Kashkari are scheduled to speak.

Their remarks may offer insight into how officials are

navigating the absence of government data and what alternative

indicators they are watching.

Some analysts say the blackout will sharpen focus on the

upcoming earnings season, with forecasts and executive

commentary likely to carry more weight in shaping economic

expectations.

Among stocks, AMD inched up 2.5% premarket after

analyst upgrades, following a 23.7% gain in the previous

session. The company bolstered the tech rally after unveiling a

chip-supply deal with OpenAI on Monday.

Corona beer maker Constellation Brands ( STZ ) gained 3.1%

after posting a smaller-than-expected drop in second-quarter

sales.

Tesla was down 0.5% ahead of an event where it is expected

to unveil a more affordable version of its best-selling Model Y

SUV.

(Reporting by Niket Nishant in Bengaluru; Editing by Devika

Syamnath)

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