Dow Jones Today Leads, Futures Rise Ahead Of PMI Data; Oil Prices Surge; EV Makers Xpeng, Nio Rally On May Deliveries
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Summary:
Stock futures ran higher Tuesday, with the Dow industrials set to affirm their lead over the market in the first trading session of June. May manufacturing data and electric vehicle sales boosted China stocks. Oil prices surged ahead of an OPEC production meeting. Boeing rallied atop the Dow Jones today, lifted by an analyst upgrade.
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Dow Jones futures rallied 0.7%. S&P 500 futures climbed 0.6% above fair value. Nasdaq 100 futures added 0.4% on the stock market today, as China-based names led the index in early trade.
Energy issues dominated the top of the S&P 500 as oil prices jumped to their highest level in more than 30 months. Oil stocks held seven of the index’s top-10 early gains.
IBD SwingTrader stock Norwegian Cruise Lines (NCLH) was also an early riser on th ...