Futures contracts for U.S. stock indices recorded modest declines during pre-market trading on Tuesday, following a contraction in the U.S. manufacturing sector.
Manufacturing PMI Declines in March
The U.S. manufacturing Purchasing Managers’ Index (PMI) for March dropped to 49.8 points, down from 52.7 points in February. This indicates a slowdown in manufacturing activity, raising concerns about potential negative impacts on the overall economy.
Performance of Stock Index Futures
Ahead of the market opening, futures for major U.S. stock indices showed the following movements:
Dow Jones Industrial Average futures were at approximately 42,849.00 points, marking a decline of 0.11%.
Nasdaq 100 futures were trading near 20,319.25 points, down by 0.27%.
S&P 500 futures dropped by 0.15%, standing at around 5,807.00 points.
As investors digest the disappointing manufacturing data, market sentiment remains cautious heading into the trading day.
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