Major indexes face possible 10th post-Labor Day Tuesday decline on Sept. 8

  • U.S. stock futures were mostly lower as the Dow, S&P 500 and Russell 2000 faced a possible 10th consecutive post-Labor Day Tuesday decline.
  • Polymarket implied a 28% chance of a higher S&P 500 open, while Dow futures fell 0.77% and Brent crude rose 1.70% to $98.65 a barrel.
  • Historical data shows Tuesday weakness but stronger Wednesday performance, with the Russell 2000 averaging a 0.31% Wednesday gain from 2005 through 2025.

U.S. stock futures were mostly lower early Tuesday as Wall Street returned from the Labor Day weekend, with traders confronting nine consecutive post-Labor Day Tuesday declines for the Dow Jones Industrial Average, S&P 500 and Russell 2000. Polymarket’s "S&P 500 (SPX) Up or Down on September 8?" contract implied a 28% chance of a higher open. Dow futures fell 0.77%, S&P 500 futures declined 0.24% and Russell 2000 futures slipped 0.49%, while Nasdaq 100 futures rose 0.16%. Historical data from Jeffrey A. Hirsch, editor of the Stock Trader's Almanac, shows that from 2005 through 2025, Tuesday losses averaged 0.28% for both the DJIA and Russell 2000, 0.23% for the Nasdaq and 0.20% for the S&P 500. By contrast, Wednesday gains averaged 0.31% for the Russell 2000 and 0.28% for the S&P 500. Rising oil prices, the ongoing U.S.-Iran conflict and Friday’s August Consumer Price Index report were also in focus.

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