U.S. stock futures are little changed Monday night after the major averages closed higher to start the second half of 2024, as tech stocks outperformed.Investors are deliberating whether the strong start to the year can continue in the back half of 2024. While megacap tech stocks continue to outperform, bearish market observers worry poor breadth could signal choppiness ahead.
For now, however, the performance of underlying stocks in the major indexes remain at a healthy level, according to Kevin Gordon, senior investment strategist at Charles Schwab. "I think that's actually probably the key for the second half of the year," Gordon said on CNBC's"Closing Bell" on Monday.
Federal Reserve Chair Jerome Powell speaks Tuesday at 9:30 a.m. ET before a policy panel at the European Central Bank Forum. The central bank leader will be part of a panel discussion and will not be issuing prepared remarks beforehand. He will join ECB President Christine Lagarde and Roberto Campos Neto, governor of Brazil's central bank. CNBC's Sara Eisen will moderate.The May job openings and labor turnover report is also due out Tuesday.
Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report.Dow Jones Industrial Average futures fell 9 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures dipped 0.01% and 0.02%, respectively.A new index is using AI tools to measure U.S. economic growth in a broader way
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