Stock futures flat as Wall Street opens June near record highs after strong May gains
By
Yun Li
Properly proved. Has structure, has flavour, has a point.
Summary
Stock futures were flat in overnight trading as Wall Street prepared to begin June trading near record highs. All three major indexes posted strong gains in May, with the tech-heavy Nasdaq Composite leading the way with over 8% gains. The S&P 500 rose about 5% and the Dow added nearly 3%. Markets closed at fresh highs Friday, partly supported by a U.S.-Iran memorandum of understanding.
Key quotes
· 5 pulledStock futures were little changed in overnight trading Sunday as Wall Street looked to kick off June at record highs.
Stocks wrapped up a strong May, with all three major indexes posting solid gains.
The tech-heavy Nasdaq Composite led the advance, up more than 8% for the month.
The S&P 500 gained about 5%, while the Dow Jones Industrial Average added nearly 3%.
The major averages closed at fresh highs Friday after the U.S. and Iran reached a 60-day memorandum of understanding.
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