US Equity Futures Mostly Flat Pre-Bell as Soft Jobs Data Reduces Fed Rate Hike Expectations
MT newswire2026/10/05 12:0208:02 AM EDT, 10/05/2026 (MT Newswires) -- US equity futures were mostly flat pre-bell Monday as lower-than-expected jobs data on Friday reduced expectations for a Federal Reserve interest hike this month. Dow Jones Industrial Average futures and S&P 500 futures were flat, and Nasdaq futures were 0.2% lower. Total nonfarm payrolls rose by 29,000 last month, the Bureau of Labor Statistics said Friday, well below the 90,000 increase projected in a Bloomberg-compiled survey. Markets are pricing in an 80.6% probability that the Federal Open Market Committee will leave its benchmark lending rate unchanged toward the end of this month, up from 76% on Thursday, according to the CME FedWatch tool. Traders look forward this week to the Wednesday release of minutes of the Federal Reserve's mid-September policy session for insights on the central bank's thinking. Expected to report their financial results this week are PepsiCo (PEP) and Delta Air Lines (DAL). Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 0.2% at $102.42 per barrel and US West Texas Intermediate crude 1.2% lower at $89.99 per barrel. The S&P Global purchasing managers' index composite final report for August is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET.
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