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Wall Street Kicks Off H2 as US Equity Futures Waver Pre-Bell
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Wall Street Kicks Off H2 as US Equity Futures Waver Pre-Bell
Jul 1, 2024 6:17 AM

08:56 AM EDT, 07/01/2024 (MT Newswires) -- US equity futures were little changed before Monday's opening bell as investors geared up for the second half of the year.

Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures increased 0.2%, and Nasdaq futures were up 0.3%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $85.55 per barrel and US West Texas Intermediate crude up 0.6% at $82.01 per barrel.

The Manufacturing Purchasing Managers' Index, due at 9:45 am ET, is expected to come in at 51.7 for June versus 51.3 in May, according to estimates compiled by Bloomberg.

The Institute for Supply Management's Manufacturing Index, slated for 10 am ET, is expected to rebound to 49.2 during June from 48.7 in the prior month. Forecasters see a 0.3% uptick in Construction Spending for May versus April's 0.1% decline.

In other world markets, Japan's Nikkei ended 0.1% higher, China's Shanghai Composite finished up 0.9%, while the Hong Kong market was closed for a holiday. UK's FTSE 100 gained 0.3%, and Germany's DAX index increased 0.5% in Europe's early afternoon session.

In equities, shares of Sanofi ( SNY ) were 1.4% higher pre-bell following a media report that the company is planning to invest up to $1.61 billion at a key production site in Germany.

On the losing side, Boeing ( BA ) shares fell 0.8% after the company agreed to acquire Spirit AeroSystems ( SPR ) .

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