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US stock futures wavered after a record-setting day on Wall Street.
Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) hovered around the flat line.
Stocks rose on Friday, lifting the The Dow Jones Industrial Average (^DJI) to a new record and the S&P 500 (^GSPC) to its best quarter since 2020. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) jumped as chip stocks continued to climb.
The upbeat mood comes as multiple headwinds for markets appear to be easing. Oil prices are moderating, and the US and Iran are continuing to attempt talks on a long-term deal. The AI trade — especially chip stocks — have driven a remarkable rally in tech. The job market has proven to be surprisingly resilient.
Investors will receive fresh insight into the labor market with the release of the June jobs report on Thursday, capping the holiday-shortened week. The data will provide clues about the Federal Reserve’s next move, including whether a rate hike later this year remains on the table.
