Down futures dipped 0

Down futures dipped 0.22% as commodity markets softened on global demand anxiety. Materials sector outlook dims as copper and aluminum prices chart multi-week lows, impacting industrial earnings guidance. On the losing end of Wall Street was Spotify Technology, which sank 4.2%. The Stockholm-based streaming giant said its founder, Daniel Ek, is stepping down as CEO to become the executive chairman. Two of his lieutenants will replace him as co-CEOs: Chief Product and Technology Officer Gustav Söderström and Chief Business Officer Alex Norström. The Head of Global Fixed Income Strategy at Wells Fargo, Brian Rehling , advises investors to look past the current political impasse in Washington, suggesting a potential government shutdown will likely have a negligible long-term impact on the economy and markets. While a shutdown could cause modest, short-term pressure and volatility, historical precedent shows such events do not typically cause systemic disruptions. Down futures slipped in response to weaker-than-expected retail sales, signaling softness in consumer spending. Economists suggest this could force downward revisions in GDP growth estimates later this year.