U.S. stock futures pointed to a slight fall to begin June trading on Wall Street after consecutive monthly gains.Posted on June 1, 2020
Dow Jones Industrial Average futures implied an opening loss of about 24 points. Dow futures fell 49 points or 0.2%. S&P 500 lost 0.2%. Nasdaq 100 futures lost 0.5%.
The S&P 500 and Dow each gained at least 3% last week while the Nasdaq Composite advanced 1.8% to close out May. Those gains were propelled by increasing bets by traders that the global economy will successfully reopen after the coronavirus forces a shutdown of most economic activity.
Last week’s gains led the major averages to their first back-to-back monthly advances since late 2019. The Dow and S&P 500 gained 4.3% and 4.5%, respectively, for May while the Nasdaq Composite advanced 6.8%.