As the new trading month begins, U.S. futures were mixed on Monday morning, with investors eagerly anticipating the latest economic reports and earnings announcements. Futures on the Nasdaq 100 and the S&P 500 were on the rise, while the Dow Jones Industrial Average saw a slight dip.
The previous month saw all three major indices – NDX, SPX, and DJIA – posting gains fueled by strong corporate earnings and the artificial intelligence-fueled rally. The Nasdaq Composite had its best month since November 2023, rallying 6.9%, while the S&P 500 and the Dow Jones indices also saw significant gains.
This week, investors are keeping an eye on key economic reports, including the Manufacturing Purchasing Managers’ Index (PMI) for May and the Services PMI data. Additionally, last month’s Nonfarm Payrolls and Unemployment Rate will be released on Friday.
On the earnings front, companies like CrowdStrike, Hewlett Packard Enterprise, and Lululemon are set to announce their results this week, providing further insight into the state of the market.
Meanwhile, the U.S. 10-year treasury yield was down, while WTI crude oil futures trended higher. In Europe, markets opened higher as investors awaited the European Central Bank’s interest rate decision later in the week.
Asia Pacific Markets Traded Higher on Monday
Most of the Asia-Pacific indices traded higher today, following a stronger-than-expected Chinese manufacturing activity report for May. Hong Kong’s Hang Seng index saw a significant increase, while Japan’s Nikkei and Topix indices also finished higher.
For more economic insights, investors can tune in to a LIVE webinar for further analysis and updates on the market trends.
Disclosure: This article is for informational purposes only and does not constitute financial advice. Readers are advised to conduct their own research and consult with a financial advisor before making any investment decisions.
