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Dow Futures Move Higher Following Public Holiday

Published 07/04/2022, 06:48 PM
Updated 07/04/2022, 06:48 PM
© Reuters

By Oliver Gray 

Investing.com - U.S. Stock futures were higher overnight trading on Monday, with major benchmark averages remaining closed during regular hours for a public holiday after closing out the previous week with significant losses.

By 06:50 PM ET (2250 GMT) Dow Jones Futures added 0.2%, S&P 500 Futures lifted 0.3%, while the Nasdaq 100 Futures gained 0.7%.

Ahead in the week, market participants will be eyeing the release of June’s nonfarm payrolls data, with expectations of 270K added, declining from the previous month’s 390K added, while the unemployment rate is expected to come in at 3.6%.

Meantime, the release of Federal Reserve’s latest meeting minutes are scheduled for Wednesday, while factory orders, ISM Non-Manufacturing PMI, JOLTs job openings and trade balance data will also be watched closely throughout the week. On the earnings front, reports from WD-40 Company (NASDAQ:WDFC) and Levi Strauss (NYSE:LEVI) are scheduled for Friday.

Last week, the Dow Jones Industrial Average dipped 1.3%, the S&P 500 dropped 2.2%, and the NASDAQ Composite fell 4.1%.

On the bond markets, United States 10-Year rates were at 2.921%.

Latest comments

The world economy is collapsing. Why would industrial production rise? Prepare for a world crisis, sell everything, because they will deceive you!!
as risk-on bitcoin rally gets massive, stock rally becomes safe haven, piece of cake rally.
Futures higher on higher futures
imagine
false hope
dow futures ignite higher. back to back rallies mean massive rally ignited, no matter what Fed does or does not. let them catch up.
Futures are up when no actual markets are open. Let's see where things stand in 14 hours.
No reason to rise except short term power shoft for trap more bulls
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