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Finance Latest News: Futures Signal Flat Open

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Finance Latest News: Futures Signal Flat Open

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Finance Latest News: Futures Signal Flat Open

by Wochit 0:54 mins

U.S. stock futures signaled a flat open on Wall Street ahead of the ISM nonmanufacturing report and a week with key Federal Reserve speeches on tap. Stock index futures were flat as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels. The S&P 500 has risen for five of the past six weeks, gaining more than 7 percent over that period. The index closed at an all-time high despite a disappointing read on the labor market, which showed that hiring slowed in July. Stock futures are mixed ahead of the latest monthly look at the U.S service sector, which employs about 90 percent of the nation's workers.

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