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Futures up: S&P 500 0.39%, Nasdaq 100 0.6%, Dow 0.46%

June 30 (Reuters) - Futures tracking the S&P 500 and

Nasdaq touched record highs on Monday, as optimism over U.S.

trade negotiations with its key partners helped support upward

momentum in markets.

Shares of technology heavyweights rose premarket after

Canada scrapped its digital services tax targeting U.S. tech

firms, just hours before it was due to take effect, in a bid to

advance stalled trade negotiations with the United States.

Shares of Amazon ( AMZN ), Meta Platforms ( META ), Alphabet

and Apple ( AAPL ) edged up in the range of 0.6% and

1.7%.

The benchmark S&P 500 and the tech-heavy Nasdaq

Composite rose to all-time highs on Friday, as bets of

deeper U.S. interest rate cuts and renewed optimism around AI

helped markets rebound from the months-long tumult sparked by

U.S. President Donald Trump's tariff policies and geopolitical

tensions.

Focus now shifts to a July 9 deadline for countries to reach

deals with the United States or see tariffs spike higher, but

Trump has said he could extend the tariff deadline or "make it

shorter".

Investors are also looking into economic data and fiscal

policy developments to see if the latest bull run in U.S. stocks

can continue.

U.S. Senate Republicans pushed President Donald Trump's

sweeping tax cut and spending bill forward in a marathon weekend

session. Senators are scheduled to start voting on a potentially

long list of amendments to the bill beginning at 9 a.m. EDT

(1400 GMT) Monday.

Key economic data releases this week include monthly

non-farm payrolls and the Institute for Supply Management's

survey on manufacturing and services sectors for June. Several

U.S. central bank officials including Federal Reserve Chair

Jerome Powell are scheduled to speak later this week.

A raft of soft economic data and expectations that Trump

will replace Powell with someone dovish have pushed up bets of

rate cuts from the Fed this year.

By 5:48 a.m. ET (0948 GMT), S&P 500 e-minis were up

24.5 points, or 0.39%. Nasdaq 100 e-minis climbed 137

points, or 0.6% and Dow e-minis added 205 points, or

0.46%.

Despite record highs for U.S. stocks, the S&P 500, Nasdaq

and Dow are set for their weakest first-half performances since

2022.

Among other movers, shares of big U.S. banks rose after the

Federal Reserve's annual "stress test" found twenty-two of the

largest U.S. banks are well-positioned to weather a hypothetical

severe economic downturn and continue lending.

The optimistic showing could lead to banks upping how much

excess capital they plan to distribute to shareholders via

dividends or stock buybacks.

Shares of JPMorgan Chase ( JPM ), Bank of America ( BAC ),

Citigroup ( C/PN ) and Wells Fargo ( WFC ) rose in the range of

0.4% and 1.9%.

Juniper Networks ( JNPR ) rose 8.4% after the U.S. Justice

Department settled its lawsuit challenging server maker Hewlett

Packard Enterprise's ( HPE ) all-cash acquisition of the

networking gear maker for $14 billion.

Hewlett Packard Enterprise ( HPE ) shares rose 5.6%.