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Dow futures steady as debt bill signed into law

Published 06/04/2023, 07:50 PM
© Reuters.
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Investing.com - U.S. stock futures were trading in a mixed fashion during Sunday's evening trade after major benchmark averages closed out the holiday-shortened week higher as stronger than expected nonfarm payrolls data boosted investor sentiment, while President Joe Biden signed the debt ceiling bill into law over the weekend in order to avoid an impending U.S. default.

By 19:40 ET (23:40 GMT), Dow Jones futures were up 0.1%, S&P 500 futures eased 0.1%, and Nasdaq 100 futures dipped 0.3%.

In the week ahead, key economic events to be watched by investors include Markit and ISM Services PMIs, factory orders, trade balance, and the Fed's balance sheet.

During Friday's trade, the Dow Jones Industrial Average added 701.2 points or 2.1% to 33,762.8, the S&P 500 lifted in 61.4 points or 1.5% to 4,282.4, and the Nasdaq Composite lifted 139.8 points or 1.1% to 13,240.8.

Among earnings, companies including Science Applications International Corp (NYSE:SAIC), Sprinklr Inc (NYSE:CXM), Ferguson Plc (NYSE:FERG), Campbell Soup Company (NYSE:CPB), GameStop Corp (NYSE:GME), DocuSign Inc (NASDAQ:DOCU) and Toro Co (NYSE:TTC) are scheduled to release quarterly results throughout the week.

Analyze the latest earnings results with InvestingPro.

On the bond markets, United States 10-Year rates were at 3.696%.

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