Stock futures are little changed Tuesday night in a holiday-shortened week: Live updates

Those gains build on a strong start to the year. Last week, the Nasdaq Composite closed out its best first half of the year since 1983, while the S&P 500 notched its best first-half advance since 2019, as a surge in interest in artificial intelligence buoyed investor optimism in stocks. The Dow Jones Industrial Average was the laggard, rising just 3.8%. Some market participants expect that could mean continued upside in the second half.

On the economic front, traders are watching for May factory orders data out Wednesday after the market open. Economists polled by Dow Jones are anticipating a rise of 0.6%, which would be greater than the 0.4% increase the previous month. Elsewhere, New York Fed President John Williams is expected to speak at 4 p.m. ET at the 2023 Annual Meeting of the Central Bank Research Association in New York City.May factory orders data is set to release Wednesday after the open.

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