Tue Sep 02 10:20:00 UTC 2025: Here’s a summary of the text and a rewrite as a news article:

**Summary:**

U.S. stock index futures are down on Tuesday following the Labor Day holiday, as investors await key economic data this week, particularly the August jobs report, which will influence the Federal Reserve’s decision on potential interest rate cuts. While markets largely anticipate a rate cut later this month, rising Treasury yields and investor hesitancy, fueled by seasonal market trends and concerns about AI valuations, are weighing on sentiment. Investors will also be paying close attention to upcoming retail earnings to assess the health of the consumer. Gold mining stocks are an exception, rising in premarket trading as bullion prices soar.

**News Article:**

**Wall Street Dips as Investors Brace for Key Economic Data; Rate Cut Expectations Simmer**

NEW YORK – U.S. stock index futures pointed to a lower open on Tuesday, the first trading day after the Labor Day holiday, as investors braced for a week packed with economic data that could determine the Federal Reserve’s next move on interest rates.

Dow E-minis were down 0.39%, S&P 500 E-minis fell 0.48%, and Nasdaq 100 E-minis shed 0.61% as of 5:33 a.m. ET.

All eyes are on Friday’s August nonfarm payrolls report, the centerpiece of the week’s data releases. This follows closely-watched figures on private payrolls and job openings. The data will be scrutinized for clues about the strength of the labor market, a key factor influencing the Fed’s monetary policy.

Currently, markets are pricing in a high probability – around 90% – of a 25-basis-point interest rate cut at the Fed’s upcoming meeting later this month, according to the CME Group’s FedWatch tool. This dovish outlook stems from concerns about the labor market raised by Fed Chair Jerome Powell at the Jackson Hole symposium.

However, rising yields on longer-dated U.S. Treasuries, with the 10-year and 30-year notes hitting their highest levels in over a month, are putting downward pressure on equities. The CBOE Market Volatility index, a gauge of market fear, also jumped to its highest level in over three weeks.

Adding to the cautious mood is seasonal weakness. September is historically a challenging month for the stock market, and data compiled by LSEG shows the S&P 500 has lost an average of 1.5% in September since 2000.

Beyond the economic data and seasonal trends, investors are also weighing concerns about the Fed’s independence amidst ongoing criticism from President Trump, and uncertainty surrounding valuations in the artificial intelligence sector.

The week will also bring a wave of quarterly earnings reports from major retailers like Macy’s and Dollar Tree, offering crucial insights into the strength of the U.S. consumer as the effects of tariffs become more pronounced. Data on U.S. manufacturing activity for August is due later today.

In premarket trading, gold mining stocks bucked the downward trend, with Harmony Gold, Kinross Gold, and Newmont all gaining ground as bullion prices reached record highs. Conversely, cybersecurity firm Fortinet saw its stock dip after a downgrade from Morgan Stanley.

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