Stock market news live updates: Stock futures rise as S&P 500 nears record high
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Summary:
U.S. stock futures paced toward a higher open Tuesday morning, with equities looking to kick off the first session of June after a long holiday weekend on a high note.
Contracts on the Dow outperformed with an advance of more than 200 points, or 0.6%. Contracts on the S&P 500 and Nasdaq also increased strongly. Treasury yields rose across the curve, and the benchmark 10-year Treasury yield hovered above 1.6%. Brent and U.S. crude oil prices gained after OPEC+ suggested oil stockpiles would slide further as the post-pandemic recovery ramps later this year.
The S&P 500 and Dow are heading into June with momentum from a winning month, with the S&P 500 rising 0.6% and the Dow adding nearly 2% in May. The Nasdaq fell 1.5% during May after a wave of volatility spurred by concerns ...
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