Shutdown-delayed economic data is in focus, with retail sales and the producer-price index, both for September, due. The PPI will be among the last inflation readings the Federal Reserve sees before its rate decision next month. Rising expectations for a cut have kick-started markets in recent days.
Nasdaq-100 futures led modest losses early Tuesday following a two-day rally. Nvidia and other chip stocks fell premarket after a media report suggested Meta was in talks to spend billions on Google’s AI semiconductors. Alphabet rose, on pace to extend its recent surge.
Other stocks to watch include retailers Best Buy and Kohl’s, both of which are slated to post earnings. So far this reporting season, chains including Walmart and T.J. Maxx parent TJX have logged strong results, suggesting a solid holiday shopping season ahead.
In recent trading:
The WSJ Dollar Index weakened. Japan’s yen strengthened against the greenback.
Bitcoin prices held below $90,000.