Wall Street set to rise on trade deal relief; business activity data eyed

REUTERS: Wall Street's main indexes were set to rise on Tuesday as investors took heart from reassurances that the Phase 1 trade agreement with China was intact, while upbeat business activity data from Europe boded well for U.S. surveys due later.

A boost from technology stocks helped Wall Street's three major indexes close higher on Monday, with the tech-heavy Nasdaq registering its fourth record closing high this month. "And then probably, we start to take a rest towards the end of the summer for a little bit before the economy truly starts to catch up to where the market is."After European stock markets were boosted by better-than-feared business activity surveys for June, all eyes will be on U.S. manufacturing and services sector PMI numbers, due 9:45 a.m. ET .

Among premarket movers, Nike Inc rose 2per cent as brokerages raised their price targets ahead of quarterly results on Thursday.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asian stocks set to track upbeat Wall Street despite rising infectionsAsian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tech stocks lift Wall Street as worries over rising virus cases mountThe S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street flat as virus cases rise; tech stocks advanceThe S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »