HomeBusinessThe daily business briefing: September 5, 2023 - The Week

The daily business briefing: September 5, 2023 – The Week

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U.S. stock futures fell slightly early Tuesday ahead of a holiday-shortened trading week. Futures tied to the Dow Jones Industrial Average and the S&P 500 were down 0.1% and 0.2%, respectively, at 6:30 a.m. ET. Nasdaq futures were down 0.3%. The Dow and the Nasdaq gained 1.4% and 3.3%, respectively, last week, their best weeks since July. The S&P 500 had its best week since June, rising 2.5%. The gains followed fresh data indicating a cooling economy and easing price increases, which could lead the Federal Reserve to stop raising interest rates to fight inflation. The August jobs report released Friday showed that unemployment had risen to 3.8%, the highest in more than a year.

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