Futures rise at start of data-heavy week, oil lifts energy stocks
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Summary:
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- Futures up: Dow 0.54%, S&P 0.44%, Nasdaq 0.37%
June 1 (Reuters) - U.S. stock index futures rose on Tuesday
as investors prepared for a week packed with major economic data
releases to gauge whether inflationary pressure was transient,
while oil heavyweights gained on stronger crude prices.
Dow futures were at record highs, with the industrial
average set to extend last week's strong gains as
investors bet on economically sensitive stocks benefiting the
most from a post-COVID-19 recovery.
Inflation readings surged in April, with a measure of
underlying inflation blowing past the Federal Reserve's 2%
target on pent-up demand and a bounce-back in spending.
Investors are n ...
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