U.S. Stocks Showing A Lack Of Direction Ahead Of Data, Nvidia Earnings

Market Overview - Stocks have shown a lack of direction with major averages posting modest losses, including the Dow down 88.33 points (0.2%), Nasdaq down 27.44 points (0.1%), and S&P 500 down 11.10 points (0.2%) [1] - Choppy trading is attributed to traders' reluctance to make significant moves while awaiting delayed U.S. economic data [2] Economic Data - The Commerce Department released a report showing a modest increase in construction spending for August, which was unexpected [2] - Upcoming reports on factory orders and the U.S. trade deficit for August, along with the September jobs report, are anticipated to impact interest rate outlook ahead of the Federal Reserve's December meeting [3] Federal Reserve Outlook - CME Group's FedWatch Tool indicates a 57.1% chance the Fed will leave rates unchanged next month and a 42.9% chance of a quarter-point rate cut [4] Sector Performance - Most major sectors are showing modest moves, with airline stocks significantly down by 1.6% as per the NYSE Arca Airline Index [5] - Notable weakness is observed in brokerage, housing, and retail stocks, while biotechnology stocks have shown strong upward movement [5] International Markets - Mixed performance in Asia-Pacific markets, with Japan's Nikkei 225 down 0.1%, China's Shanghai Composite down 0.5%, and South Korea's Kospi up 1.9% [6] - European stocks are generally moving to the downside, with the German DAX down 0.9%, French CAC 40 down 0.4%, and the U.K.'s FTSE 100 just below the unchanged line [6] Bond Market - Treasuries are regaining ground after previous declines, with the yield on the benchmark ten-year note down by 1.3 basis points to 4.135% [7]