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Dow futures gain ahead of public holiday

Published May 28, 2023 20:42
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Investing.com - U.S. stock futures were trading higher during Sunday's evening deals ahead of the Memorial Day public holiday, after major benchmark averages capped a positive week amidst ongoing debt ceiling negotiations, while closely watched PCE data came in higher than expected.

By 19:05 ET (23:05 GMT), Dow Jones futures were up 0.3%, S&P 500 futures lifted 0.4%, and Nasdaq 100 futures added 0.6%.

On the data front, investors this week will be monitoring CB consumer confidence, JOLTS job openings, ADP nonfarm employment, ISM and Markit PMIs, average hourly earnings, and nonfarm payrolls data, as well as speeches from FOMC member Bowman, Harker, and the Fed's Jefferson.

During Friday's regular session the Dow Jones Industrial Average gained 328.7 points or 1% to 33,093.3, the S&P 500 added 54.2 points or 1.3% to 4,205.5, and the Nasdaq Composite gained 277.6 points or 2.2% to 12,975.7.

On the bond markets, United States 10-Year rates were at 3.81%.

Dow futures gain ahead of public holiday
 

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