Stocks - U.S. Futures Inch Up, With All Eyes On Tech Stocks ~ Financial Times


Tuesday, June 5, 2018

Stocks - U.S. Futures Inch Up, With All Eyes On Tech Stocks

© Reuters.  U.S. futures pointed to a higher opening bell on Tuesday. - U.S. futures were modestly higher on Tuesday, as rising tech stocks continued to bolster the Nasdaq.
The S&P 500 futures was up over two points or 0.10% to 2,748.25 as of 6:45 AM ET (10:45 GMT) while Dow futures increased 25 points or 0.10% to 24,821.0. Meanwhile tech heavy Nasdaq 100 futures rose 18 points or 0.26% to 7,166.75.
The Nasdaq closed higher on Monday and technology stocks continued to give investors confidence.
Apple (NASDAQ:AAPL) closed at $191.83, as details from its developer conference were in focus. The technology giant was up 0.84% in pre-market trading, while social media firm Twitter Inc (NYSE:TWTR) surged 4.75% on news that it was replacing Monsanto (NYSE:MON) in the S&P 500 on Thursday. Netflix (NASDAQ:NFLX) was up 0.57% amid news that it would be added to the S&P 100.
Elsewhere the Royal Bank of Scotland Group PLC (LON:RBS) Ps ADR (NYSE:RBS_ps) (LON:RBS) fell 0.95% and cruise ship company Carnival PLC (NYSE:CCL) (LON:CCL) slumped 6.28%.
Investors shrugged off trade tensions but they still remained in focus as trade talks between the U.S. and China ended with no agreement over the weekend and leaders in the Group of Seven nations rebuked President Donald Trump for going ahead with planned metal tariffs against U.S. allies.
In economic news, the the services purchasing managers' index (PMI) is due out at 9:45 AM ET (13:45 GMT), followed by the job openings and labor turnover survey(JOLTS) data at 10:00 AM ET (14:00 GMT).
In Europe stocks were mixed. Germany’s DAX rose 98 points or 0.77% while in France the CAC 40 increased 23 points or 0.42% and in London, the FTSE 100 was down 44 points or 0.57%. Meanwhile the pan-European Euro Stoxx 50 gained 15 points or 0.44% while Spain’s IBEX 35 rallied 26 points or 0.27%.
In commodities, gold futures were down 0.15% to $1,295.30 a troy ounce while crude oil futures fell 0.43% to $64.47 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, fell 0.02% to 94.00.


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