LIVE🔊Weekly Market review:
🔹ISM Manufacturing PMI - Monday
🔹JOLTS Job Openings - Tuesday
🔹ADP Payrolls - Wednesday
🔹ISM Services PMI - Wednesday
🔹Jobless Claims - Thursday
🔹U.S. Jobs Report - Friday (High volatility⚠️)
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- Nasdaq futures led Wall Street gains on Monday and were on track to begin June's first trading day on a positive note as megacap growth stocks inched up, recovering some ground after closing Friday's session in the red. 📈
- Big tech was primed for gains after a three-day slump as new artificial intelligence chips boosted Nvidia Corp. and Advanced Micro Devices Inc. GameStop Corp. doubled in a return of the meme-stock craze.📈
- The S&P 500 rose 4.8%, the Dow climbed 2.3% and the tech-heavy Nasdaq rose nearly 7% last month, as strong earnings and hopes of easing monetary policy buoyed Wall Street's biggest stocks.
- Investors increased bets on a September start to interest-rate cuts by the Federal Reserve on Friday, according to the CME's FedWatch tool, after inflation indicated a potential cooling of price pressures as measured by the Personal Consumption Expenditures Price Index.📈
- Key economic data due this week, including surveys on the manufacturing and services sector, factory orders and Friday's closely watched nonfarm payrolls report, will provide additional cues on the health of the U.S. economy.
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