US stock futures teetered as Wall Street digested an upbeat start to the week.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) slipped just below the flat line.
Technology stocks led Monday’s market rally, lifting the Dow Jones Industrial Average (^DJI) to a new record. A Supreme Court ruling that affirmed the independence of the Federal Reserve and an end to skirmishes between the US and Iran contributed to the boost in sentiment.
On Tuesday, Nike (NKE) will report earnings at a challenging time for the company.
Later this week, investors will be watching a series of labor market reports, including the June jobs report, for fresh clues about the Federal Reserve’s next move. A resilient labor market could reinforce expectations that the Fed will keep interest rates elevated or even raise them later this year.
