Investing.com -- Stock futures on Wall Street point to a muted start to trading in September following a volatile month of dealmaking in August. Meanwhile, Kamala Harris said she would move to block a proposed takeover of U.S. Steel by Japan's Nippon Steel during a campaign stop in the crucial swing state of Pennsylvania. Elsewhere, electric carmaker Tesla (NASDAQ:TSLA) is reportedly planning a new six-seat version of its Model Y vehicle in China in a bid to boost its appeal in the lucrative automotive market.
1. Futures muted
U.S. stock futures were mostly hovering around the flatline on Tuesday, with Wall Street set to begin a new month of trading following a roller-coaster August.
By 07:26 GMT (03:26 EST), the Dow futures contract had shed 44 points or 0.1%, S&P 500 futures were broadly unchanged, and Nasdaq 100 futures had moved down by 14 points or 0.1%.
The main averages in the U.S. were closed on Monday for the Labor Day holiday.
They ended Friday's trading session higher, finishing August in positive territory despite a sharp decline to start the month that was fueled in part by worries over a potential U.S. recession. The benchmark S&P 500 had slumped by over 7%, but rebounded to increase by 2.3% in August -- its fourth-consecutive winning month.
The 30-stock Dow Jones Industrial Average and tech-heavy Nasdaq Composite also gained 1.8% and 0.7% over the period, respectively.
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