1. Global stock markets and U.S. futures started the week mostly higher. 2. U.S. lawmakers race to avert a government shutdown impacting economic data. 3. Friday's nonfarm payrolls are crucial for market sentiment. 4. Gold prices hit record highs while oil benchmarks experienced declines. 5. President Trump's comments stir concerns about Federal Reserve independence.
U.S. stock futures are up, indicating positive market sentiment which often correlates with SPY performance. Historical instances show that strong jobs data can lead to SPY gains, assuming no significant disruptions.
The article highlights key economic indicators and political stability concerns, which are crucial for SPY. The connection between labor data and market movement plays a pivotal role.
The upcoming nonfarm payroll data is set for immediate release. Markets are likely to react to this data in the short term.