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Dow Futures Move Higher Following Public Holiday

Stock Markets Jul 04, 2022 06:48PM ET
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© 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%.

Dow Futures Move Higher Following Public Holiday
 

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Comments (5)
Imre Zsombor Varga
Imre Zsombor Varga Jul 04, 2022 11:42PM ET
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The world economy is collapsing. Why would industrial production rise? Prepare for a world crisis, sell everything, because they will deceive you!!
Kerry Ditto
Kerry Ditto Jul 04, 2022 8:14PM ET
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as risk-on bitcoin rally gets massive, stock rally becomes safe haven, piece of cake rally.
Dave Jones
Dave Jones Jul 04, 2022 8:10PM ET
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Futures higher on higher futures
marlow seay
marlow seay Jul 04, 2022 8:10PM ET
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imagine
chino Choi
chino Choi Jul 04, 2022 7:21PM ET
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false hope
Kerry Ditto
Kerry Ditto Jul 04, 2022 7:18PM ET
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dow futures ignite higher. back to back rallies mean massive rally ignited, no matter what Fed does or does not. let them catch up.
Robert Cox
Robert Cox Jul 04, 2022 7:18PM ET
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Futures are up when no actual markets are open. Let's see where things stand in 14 hours.
Jerome NY
Jeff_Musk Jul 04, 2022 7:18PM ET
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No reason to rise except short term power shoft for trap more bulls
 
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