Traders work on the trading floor of the New York Stock Exchange (NYSE) on April 25, 2024 in New York City, the United States.
Brendan McDermid | Reuters
U.S. stock index futures were trading near flat lines Monday night. Dow Jones Industrial Average Positive performance for fourth day in a row.
Dow Jones Futures It fell 4 percentage points, or 0.01%. S&P 500 Index Futures fell 0.02%, while Nasdaq 100 Futures down 0.04%.
During the main trading session on Monday, the Dow Jones Industrial Average rose nearly 0.5%.this S&P 500 Index rose 1%, and Nasdaq Index Up about 1.2%; both indexes ended higher for the third consecutive session.
Investors extended bullish market sentiment from Friday, when the latest nonfarm payrolls data showed job growth in April was weaker than expected and the unemployment rate edged higher. The results eased concerns about an overheating economy and boosted optimism that the Federal Reserve would cut interest rates.
Of course, other conflicting economic data — such as a rise in the employment cost index — mean questions remain about the actual trajectory of inflation, said Rob Howarth, senior investment strategist at Bank of America Wealth Management.
“I think the market is looking for a tiebreaker on inflation,” Haworth said.
He added that he had become “more constructive” about his outlook due to continued economic strength. “Inflation remains persistent but has not accelerated to problematic levels. So we think there is room to hold risk assets here,” Haworth added.
Tuesday will be relatively quiet on the economic front, with only March consumer credit data to be released in the afternoon.
Meanwhile, Wall Street will be looking to disneyQuarterly earnings report released Tuesday morning.Swiss bank UBSoil giant blood pressure and the spin-off of Johnson & Johnson. kenviere There are also plans to publish their results.
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