Dow Futures Hold Near Flat After Index Closes Above 53,000
Updated
Updated · CNBC · Jul 6
Dow Futures Hold Near Flat After Index Closes Above 53,000
3 articles · Updated · CNBC · Jul 6
Summary
Dow futures added 56 points, or 0.1%, late Monday, while S&P 500 and Nasdaq-100 futures hovered near flat after the Dow’s first close above 53,000.
Technology shares drove the cash-session rally: the Nasdaq rose more than 1%, the S&P 500 gained 0.7%, and chip names including Western Digital and AMD jumped 7% and 6.6%.
Rivian fell more than 8% after launching a 75 million-share common stock offering, while SpaceX slipped about 1% ahead of its Tuesday entry into the Nasdaq-100.
Microsoft also eased after announcing 4,800 job cuts, even as Dell climbed more than 4% after President Donald Trump urged consumers to buy its computers.
Tuesday’s next market catalyst is U.S. trade-deficit data, with no major earnings releases scheduled.