US stock futures were little changed on Monday as investors look for fresh catalysts in the second half of the year. Futures contracts tied to the three major indexes were all trading near breakeven. On Friday, the Nasdaq Composite closed out its best first-half performance since 1983, surging 31.7%. The S&P 500 also rallied 15.9% for its best first-half since 2019 while the Dow climbed 3.8%. Those gains came on the back of a strong rally in technology stocks amid enthusiasm around artificial intelligence and related companies. Signs that the US economy remains resilient in the face of persistent inflation and higher interest rates also boosted market sentiment. Investors now look ahead to the latest ISM Manufacturing PMI and S&P Global Manufacturing PMI for June on Monday. Traders will also watch Tesla after the electric vehicle maker reported higher-than-expected delivery and production numbers.
Historically, the United States Stock Market Index (US30) reached an all time high of 36952.65 in January of 2022. United States Stock Market Index (US30) - data, forecasts, historical chart - was last updated on July of 2023.
The United States Stock Market Index (US30) is expected to trade at 33475.15 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 30825.77 in 12 months time.