Stock futures rise slightly after the best day of the S&P 500 in more than two weeks

Stock futures rose on Tuesday night trading after a rebound on Wall Street as the market tried to avoid the weak September high.

Dow Jones industrial average futures rose 30 points. The S&P 500 and Nasdaq 100 futures gained 0.1%.

Moderna rose slightly in the extended trading period after the company released more data on advanced Covid cases supporting the push for widespread use of booster vaccines.

The S&P 500 gained 0.9% on Wednesday amid a 3.8% jump in the energy sector, which recorded its largest daily increase since Aug. 27. The blue-chip Dow advanced more than 200 points, while the high-tech Nasdaq Composite rose 0.8%.

After seven consecutive months of earnings for the S&P 500 and a close to 20% rise from this year’s records, many on Wall Street expect lower negative trades and lower returns for the rest of the year. The story is also not favorable to the market, as September is usually a negative month for stocks. According to CFRA data, the S&P 500 has fallen 0.56% on average during the month since 1945.

“The wall of concern is getting harder and harder to climb, with a growing depth and breadth of concerns and a potentially tired market,” said Mark Hackett, head of investment research at Nationwide.

So far this month, the 30-share Dow has fallen 1.6%, while the S&P 500 has fallen 0.9%, well on track for its worst monthly performance since January. The Nasdaq has fallen 0.6% this month.

“The stressors facing the market have not changed materially, including the Delta variant, supply chain benefits and labor challenges, the fiscal and monetary wind shifting to headwinds, and concerns boiling in China, ”Hackett said.

Investors will monitor the latest unemployment claims data on Thursday. Economists surveyed by the Dow Jones expect a total of 320,000 Americans to take out unemployment insurance in the week ending Sept. 11, slightly more than the previous week’s 310,000.

Traders are also preparing for a potential increase in volatility on Friday. The so-called quadruple witch will occur at the end of the week, as futures and stock and index options will have to expire on the same day.