US stock index futures saw mix

2023-06-06

US stock index futures saw mixed gains and losses, with major stock indices closing steadily higher last week, partly thanks to the debt ceiling agreement and the stronger than expected May employment report.

Last Friday, the Standard&Poor's 500 Index rose 1.45%, setting its best weekly performance since March. The Dow rose 2.12%, while the Nasdaq Composite Index, which is dominated by technology stocks, rose 1.07%.

Washington reached a debt ceiling agreement, and Friday's data also showed that the US economy added 339000 jobs last month, far exceeding expectations, and salary growth has also slowed down.

These data indicate that the world's largest economy, the United States, may not be heading towards a recession, and suggest that the Federal Reserve may pause interest rate hikes and enter a wait-and-see state at its policy meeting in June. Both of these factors help boost investor sentiment. $E-mini Nasdaq 100 - main 2306(NQmain)$

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