Dow futures rise as stock market aims to add to rally headed into Fed week

U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak.

For the week, the Dow DJIA, +3.15% finished 6.8% higher, the S&P 500 SPX, +2.62% gained 4.9%, while the Nasdaq advanced 3.3% and the Nasdaq-100 rose 2.8%. “Following a massive upside surprise from the May employment report, the focus will shift to the Fed’s interpretation of the latest data and potential implications for monetary policy when the FOMC convenes this Wednesday,” wrote analysts at Deutsche Bank, led by Brett Ryan, senior U.S. economist, in a research note dated June 5.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Friday’s Market Rally Added Nearly $20 Billion To The Fortunes Of These 10 BillionairesA surprisingly strong U.S. jobs report on Friday coincided with market gains abroad, boosting the fortunes of billionaire titans across several industries. The question is, do we tax the top 1% more or less? White Democrat Males.
Source: Forbes - 🏆 394. / 53 Read more »