U.S. stock index futures pointed to a higher open Monday, after a jobs report that topped expectations sent equities rallying in the previous session.
At around 7 a.m. ET, Dow Jones industrial average futures rose 135 points, indicating a higher implied open of 128.79 points. Nasdaq 100 and S&P 500 futures also pointed to a higher start to the session for their respective markets.
The move higher on Monday comes after the Dow rallied more than 200 points on Friday following the release of a stronger-than-expected jobs report.
The U.S. economy added 223,000 jobs in May — much higher than the 188,000 figure expected by Reuters analysts. Traders are now looking at the so-called JOLTS data (job openings and labor turnover survey), due Tuesday, to confirm the strength of the labor market.
Dell Technologies is due to release its latest figures before the opening bell. Palo Alto Networs and Coupa Software are set to release their earnings after the close.
On the data front, there will be April factory orders numbers due at 10 a.m. ET.
Despite the positive mood, trade concerns continued to linger after U.S.-China trade talks yielded no major breakthroughs. China threatened that previous trade agreements negotiated by the countries “will not take effect” if the U.S. administration goes ahead with a planned tariff increase.
