U.S. stock futures were struggling to establish a trend early Monday as the second half of the year gets underway.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 285 points, or 0.84%, to 34408, the S&P 500 SPX increased 54 points, or 1.23%, to 4450, and the Nasdaq Composite COMP gained 197 points, or 1.45%, to 13788.How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 285 points, or 0.84%, to 34408, the S&P 500 SPX increased 54 points, or 1.23%, to 4450, and the Nasdaq Composite COMP gained 197 points, or 1.45%, to 13788.
“As we kick off July, U.S. Independence Day tomorrow will ensure a stop start week but it remains a big one with U.S. payrolls and the global PMIs and U.S. ISMs through the week,” said Jim Reid, strategist at Deutsche Bank.The Nasdaq Composite rose 31.7% in the first six months of the year, helped by hopes the economy has not been too badly damaged by the Federal Reserve’s sharp increase in borrowing costs as it battled to push inflation down from a multi-decade high of 9.
And Nasdaq 100 futures are outperforming slightly on Monday as Tesla shares gain more than 6% in premarket trading after the EV maker announced over the weekend higher than expected sales.
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