US stock market today: Dow Jones, Nasdaq futures indicate a muted start ahead on Wall Street; check out the key triggers to track

Dow Jones, S&P 500, Nasdaq on Monday, March 7, 2023: The three main US stock market indices — the Dow Jones, the S&P 500 and the Nasdaq Composite — are set for a muted start on Monday, amid cautious gains across major markets elsewhere around the globe as investors awaited key macroeconomic readings and central bank commentary to gauge the future course of rate hikes. All eyes are on Fed Chair Jerome Powell's testimony this week and key US jobs data.

US Stock Market Today: Dow Jones, S&P 500 futures and Nasdaq Composite futures suggest a muted start on Wall Street on Monday. | Image: Reuters

Dow Jones, S&P 500, Nasdaq futures: The three main US share market indices — the Dow Jones, the S&P 500 and the US megacap tech stocks-heavy Nasdaq Composite — are likely to open largely unchanged on Monday, as investors return to trade after a weekend amid cautious gains across major other markets globally. The futures of Dow Jones, S&P 500 and the Nasdaq were barely in the red on Monday evening in India, ahead of the opening bell in the US stock market. All eyes are on Fed Chair Jerome Powell's testimony before Congress scheduled this week and key US jobless claims data that could offer more clarity on the US central bank's stance on interest rates.

Here's how the Dow Jones futures fare ahead of the opening bell on Wall Street:

Dow Jones: down 22 points at 33,392
S&P 500: up one pt at 4,050.8
Nasdaq Composite: down 16 pts at 33,398

Global share market update

Shares across Europe and Asia managed mild gains on Friday — including a second back-to-back day of gains for Sensex and Nifty50 backed by IT, financial, oil & gas and FMCG shares. The pan-European Stoxx 600 index was up 0.2 per cent at the last count though losses in mining shares capped the upside.

MSCI's All Country World Index — aimed at capturing all of the the world's equity action as a whole — was up 0.3 per cent.

TRENDING NOW

US share market: Key things to watch for cues on Wall Street

A monthly set of retail sales data from the euro zone is due on Monday. Analysts expect of a sequential rise in the January reading.
Fed Chair Jerome Powell's two-day testimony before Congress begins Tuesday.
US jobless data is due on Thursday.

(With inputs from agencies)

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