Cigna(US:CI) Benzinga·2025-09-30 09:51Market Overview - U.S. stock futures declined on Tuesday following gains on Monday, with major indices showing lower futures as a government shutdown looms [1][2] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 futures fell by 0.20%, 0.16%, 0.14%, and 0.19% respectively [3] Sector Performance - On Monday, information technology, financial, and consumer discretionary sectors led gains, while energy and communication services sectors closed lower [4] - Nvidia Corp. shares rose approximately 2%, with other AI-related stocks like AMD and Micron also gaining [5] Economic Indicators - U.S. pending home sales increased by 4% in August, marking the largest gain in five months, contrasting with a 0.4% decline in the previous month [6] - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60%, indicating market expectations for potential interest rate cuts by the Federal Reserve [2] Analyst Insights - Economist Jeremy Siegel noted that inflation data aligns with market expectations, suggesting a stable economic environment conducive to further interest rate cuts [10][11] - Siegel projects full-year GDP growth around 2.4%-2.5%, indicating a healthy economy without overheating [12] - Goldman Sachs' strategist identified potential risks including a growth shock, rate shock, and a significant dollar devaluation that could impact market stability [15] Company-Specific Developments - Lamb Weston Holdings Inc. is expected to report earnings of 55 cents per share on revenue of $1.62 billion [18] - Paychex Inc. is projected to report earnings of $1.21 per share on revenue of $1.54 billion [18] - Progress Software Corp. raised its full-year 2025 revenue guidance to $975 million to $981 million, exceeding previous estimates [20]