- U.S. stock index futures edged higher on Monday ahead of manufacturing PMI data, with focus also on U.S. labor market numbers later in the week that will be parsed for cues on the Federal Reserve's monetary policy path.
Also scheduled for the week are JOLTS job openings data on Tuesday, and ADP employment, factory orders, ISM services PMI data and minutes of the Fed's latest policy meeting on Wednesday.Non-farm payrolls data is due on Thursday, when trading will be shut for equities on account of U.S. Independence Day.
"It's half time, and it is definitely party time, at least if you are in a large-cap, market-weighted index or the Magnificent Seven," wrote Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. At 5:36 a.m. ET, Dow e-minis were up 73 points, or 0.18%, S&P 500 e-minis were up 6 points, or 0.11%, and Nasdaq 100 e-minis were up 8.75 points, or 0.04%.
Cryptocurrency-related stocks such as Coinbase Global, Riot Platforms, Marathon Digital, and MicroStrategy gained between 1.8% and 4% after bitcoin prices jumped 4.5% to a one-week high. It is hard to get excited after looking at Canadian National Railway's recent performance, when its stock has...Former president Donald Trump recently suggested that he is considering instituting a policy of tariffs that would lead to the elimination of the federal income tax. Check Out: Trump-Era Tax Cuts Are...Laurentian Bank of Canada will pay a dividend of CA$0.47 on the 1st of August. This means the annual payment...
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