S&P 500 futures rose slightly on Monday as investors sought to carry the market's strong momentum in May into the new month.
Futures linked to the broad market index gained 0.1%. Nasdaq-100 futures rose 0.4%. Dow Jones Industrial Average futures lagged, losing 40 points, or 0.1%.
Nvidia shares rose 3% in pre-market trading.
Wall Street is coming off a strong May, with the three major averages posting their sixth positive month in seven. He Nasdaq Composite It rose 6.9%, its best month since November 2023.
However, the rally appeared to lose steam towards the end of the month. All three averages closed May more than 1% below their all-time highs, even with the Dow adding more than 500 points in Friday. The Nasdaq fell 1.1% last week as chip stocks, including NVIDIAstumbled
"Investor expectations are high, especially for technology and growth companies. Therefore, companies that do not make profits or issue mediocre future guidance are being punished"said Dylan Kremer, chief investment officer at Certuity.
Those growth stocks may also be affected by interest rate movements, which will be a key theme for investors ahead of the Federal Reserve meeting later this month. The first week of June is Packed with affordable updatesincluding manufacturing data on Monday and a key jobs report on Friday.
