{"id":31984,"date":"2022-06-01T12:33:01","date_gmt":"2022-06-01T12:33:01","guid":{"rendered":"https:\/\/harchi90.com\/stock-futures-trade-mixed-to-start-the-new-month\/"},"modified":"2022-06-01T12:33:01","modified_gmt":"2022-06-01T12:33:01","slug":"stock-futures-trade-mixed-to-start-the-new-month","status":"publish","type":"post","link":"https:\/\/harchi90.com\/stock-futures-trade-mixed-to-start-the-new-month\/","title":{"rendered":"Stock futures trade mixed to start the new month"},"content":{"rendered":"
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Slatestone Wealth chief market strategist Kenny Polcari predicts current bear market rallies will see a ‘refocus’ around valuation and interest rates.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

US equity futures traded mixed as the new month begins after ending May on a down note.<\/p>\n

The major futures indexes suggest a rebound of 0.3% on the Dow when the opening bell rings Wednesday morning.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

Oil prices gained Wednesday morning after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.<\/p>\n

US West Texas Intermediate (WTI) crude traded around $ 116 a barrel. Brent crude traded around $ 117 a barrel. <\/p>\n

Both benchmarks ended May higher, marking the sixth straight month of rising prices.<\/p>\n

Salesforce increased its full-year adjusted profit forecast on strong demand as companies look to improve efficiencies. Shares of the company <\/u>traded 8% higher in the after-hours session.<\/p>\n

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Trading at the NYSE. (Courtney Crow \/ New York Stock Exchange via AP)<\/span> ((Courtney Crow \/ New York Stock Exchange via AP))<\/span><\/p>\n<\/div>\n<\/div>\n

HP Inc. gave an upbeat earnings outlook even as its laptop and printing business dealt with supply-chain disruptions and sanctions against Russia.<\/p>\n

On the economic docket, the payroll processing firm ADP releases its National Employment report for May. Economists are looking for a gain of 300,000 private-sector jobs, up from a much weaker-than-expected tally of 247,000 jobs in April.<\/p>\n

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A “Now hiring” sign is displayed on the front door of a Staples store in Manchester, NH (AP Photo \/ Charles Krupa)<\/span> (AP)<\/span><\/p>\n<\/div>\n<\/div>\n

Also watch for the ISM’s manufacturing purchasing managers index for May.<\/p>\n

Earnings reports are due from Hovnanian, Chewy, GameStop, and Hewlett-Packard Enterprise.<\/u><\/p>\n

Bitcoin traded around $ 31,000.<\/p>\n