Values, Pending PMI Report Steady Wall Street Pre-Bell; Asia Mixed, Europe Up

BY MT Newswires | ECONOMIC | 09/23/25 07:13 AM EDT

07:13 AM EDT, 09/23/2025 (MT Newswires) -- Wall Street futures pointed sideways pre-bell Tuesday, as traders weighed broad equity indices again at record zeniths, and awaited fresh economic data and a presentation from the Federal Reserve Chair.

In the futures, the S&P 500 fell 0.1%, while the Nasdaq and the Dow Jones were steady.

The S&P Global flash September US composite purchasing managers index (PMI) report will be released at 9:45 am, sure to be parsed for fresh clues to the strength of the nation's economy.

Fed Chief Jerome Powell will speak to the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon, in Rhode Island, at 12:35 pm ET, though pundits expect few changes in the central banker's tone or outlook.

Asian exchanges traded unevenly overnight, with Hong Kong and Shanghai falling back on the outlook for no policy changes from the People's Bank of China, while broad equity indices in Seoul and Taiwan struck new all-time highs in the global tech rally that followed on chipmaker Nvidia's (NVDA) announcement, on Monday, of a $100 billion investment in OpenAI.

European bourses tracked moderately north midday on the continent.

On the economic calendar, in addition to the PMI report, is the US Q2 international current account bulletin at 8:30 am ET.

The Richmond Fed Manufacturing Index for September follows at 10 am.

Federal Reserve Governor Michelle Bowman and Fed Atlanta President Raphael Bostic are slated to speak on Tuesday.

In premarket action, Bitcoin traded at $112,991, West Texas Intermediate crude oil traded higher at $62.86, and 10-year US Treasuries offered 4.13%. Spot gold traded for $3,785 an ounce.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article