Dow Futures to Counteract Awful September

Dow Jones Industrial Average futures ticked higher Monday as Wall Street tried to start the new month, and quarter, on a solid note.

Futures the 30-stock index rose 160 points, or 0.6%, to 28,961.

Futures for the S&P 500 advanced 14.75 points, or 0.4%, to 3,616.25.

Futures for the NASDAQ Composite edged up five points, or 0.1%, to 11,040.50.

Shares of Tesla were down 4.3% in pre-market trading Monday after the electric vehicle maker reported fewer than expected deliveries during its third quarter.

Tesla delivered about 343,000 vehicles, which came in below estimates of 364,660 vehicles.

Wall Street is coming off a tough month, with the Dow and S&P 500 notching their biggest monthly losses since March 2020. The Dow on Friday also closed below 29,000 for the first time since November 2020.

The Dow shed 8.8% in September, while the S&P 500 let go of 9.3%, and NASDAQ Composite lost 10.5%.

For the quarter, the Dow fell 6.66% to notch a three-quarter losing streak for the first time since the third quarter of 2015. The S&P ditched 5.3%, and NASDAQ fell 4.1%, to finish their third consecutive negative quarter for the first time since 2009.

As the new quarter kicks off, all S&P 500 sectors sit at least 10% off their 52-week highs. Nine sectors finished the quarter in negative territory.

On the economic front, Markit PMI and ISM manufacturing data are slated for release on Monday along with construction spending.

In Japan, the Nikkei 225 regrouped 1.1%, while in Hong Kong, the Hang Seng lost 0.8%.

Oil prices hiked $3.33 to $82.82 U.S. a barrel.

Gold prices picked up $1.10 to $1,673.10 U.S. an ounce.