Traders on the New York Stock Exchange
U.S. futures stocks edged higher in overnight trading on Sunday as investors were available for the first day of May trading.
The Dow futures were up 75 points, the S&P 500 futures were up 0.27% and the Nasdaq 100 futures were up 0.22%.
Monday is the first trading day of May. Despite the stock market weakening on Friday, the S&P 500 was profitable for the third straight month in April, adding more than 5% to the index as investors bet on the economic recovery and big gains from the outbreak.
The S&P 500 is now up 11 percent this year.The benchmark closed at record levels on Thursday on earnings from Apple and Facebook.
The Dow rose about 2.7% last month, while the Nasdaq Composite gained 5.4% in April.
“Investors are preparing for another week of turbulent earnings, build on with the widely watched employment report on positive economic and economic news, so the path for minimal resistance is higher,” said Jack Ablin. Cresset Capital Chief Investment Officer told CNBC.
Investors will also be following the set of earnings for Lowe’s, Estee Lauder and ON Semiconductor. Reported before the bell on Monday
April’s manufacturing PMI data will be released at 9:45 a.m. ET on Monday, followed by ISM Manufacturing at 10 a.m.
Like this article?
For CNBC’s selection of exclusive stocks, investment ideas and live streams around the world.
Sign up CNBC Pro
Start your free trial now.