U.S. stock futures were advancing on Monday following Friday’s negative moves. Futures of major benchmark indices were higher.
Treasury Secretary Scott Bessent warned of potential consequences if the Supreme Court rules against the administration, despite expressing confidence over the Donald Trump Administration’s appeal to the higher court.
“We would have to give a refund on about half the tariffs,” a situation Bessent described as “terrible for the Treasury”.
Bessent defended Trump’s tariff policy despite possible setbacks, arguing that tariffs do not act as a tax on Americans and highlighting other signs of economic strength, pointing to the second quarter GDP growth and the recent stock market performance.
Meanwhile, the 10-year Treasury bond yielded 4.09% and the two-year bond was at 3.50%. The CME Group’s FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.
| Futures | Change (+/-) |
| Dow Jones | 0.16% |
| S&P 500 | 0.20% |
| Nasdaq 100 | 0.31% |
| Russell 2000 | 0.10% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 0.19% at $648.45, while the QQQ advanced 0.34% to $578.00, according to Benzinga Pro data.
Cues From Last Session
Energy, financial, and industrials stocks recorded the biggest losses on Friday as most sectors on the S&P 500 closed on a negative note. However, real estate and communication services stocks bucked the overall market trend, closing the session higher.
U.S. stocks settled lower following a disappointing jobs report.
Nonfarm payrolls grew by a meager 22,000 in August, after July’s weak 79,000 and a June revision showing a 13,000 job loss — the worst since 2020. The three-month hiring pace has collapsed to 29,000, locking in expectations for Fed rate cuts in September, October, and December.
ABM Industries Inc. (NYSE:ABM) reported mixed fiscal third-quarter 2025 results. Shares of Lululemon Athletica Inc. (NASDAQ:LULU) dipped more than 18% after the company lowered FY25 guidance and received multiple analyst downgrades. Shares of Guidewire Software Inc. (NYSE:GWRE) jumped 20% after the company reported fourth-quarter results above analyst estimates.
The Dow Jones index ended 220 points or 0.48% lower at 45,400.86, whereas the S&P 500 index fell 0.32% to 6,481.50. Nasdaq Composite declined 0.034% to 21,700.39, and the small-cap gauge, Russell 2000, gained 0.48% to end at 2,391.05.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -0.034% | 21,700.39 |
| S&P 500 | -0.32% | 6,481.50 |
| Dow Jones | -0.48% | 45,400.86 |
| Russell 2000 | 0.48% | 2,391.05 |
Insights From Analysts
According to Ed Yardeni and William …