S&P 500 futures saw a minor increase on Monday as traders attempted to extend the market’s robust May momentum into the upcoming month.
Futures linked to the overall market index increased by 0.2%. Nasdaq-100 futures saw a 0.5% increase. The Dow Jones Industrial Average futures were trading close to the zero line.
After revealing a new line of artificial intelligence chips that superseded the previous model by just three months, Nvidia’s shares increased by more than 3% in the premarket.
With all three major averages recording their sixth consecutive positive month, Wall Street is coming off a great May. It was the greatest month for the Nasdaq Composite since November 2023, rising 6.9%.
Source (CNBC)
