Monday, May 20, 2024

U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead in Tuesday’s session, investors will be looking towards the S&P Global (NYSE:SPGI) Manufacturing PMI and construction spending, JOLTS data as well as the minutes of the Fed’s latest policy meeting. Later in the week, ADP nonfarm employment and December’s nonfarm payrolls report will also be closely watched. On the earnings front, Walgreens Boots Alliance Inc (NASDAQ:WBA) and Constellation Brands Inc (NYSE:STZ) are set to report quarterly results on Thursday. On the bond markets, United States 10-Year rates were at 3.831%.

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