US Stock Market | Futures Pause as Investors Monitor Economic Data

US stock futures stalled Wednesday as investors awaited key economic data amid rising recession fears. This comes after record highs in the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F), though both saw little movement, while the Nasdaq 100 (NQ=F) dipped 0.3%.

Concerns grew after a weaker-than-expected consumer confidence report, raising questions about whether the Federal Reserve’s 0.5% rate cut reflects a slowing economy and the potential need for further cuts. Meanwhile, mortgage applications surged to their highest level since 2022, driven by homeowners looking to refinance at lower rates.