Stock futures little changed heading into final session of June

Stock futures were flat on Monday night when trading started overnight before the last session of the month and quarter.

The S&P 500 and Dow were on track to earn less than 1% in June. The Nasdaq Composite performed better in the middle of a broad tech rally. The index saw a monthly increase of more than 4%.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "During the session on Monday the Dow is more than 2, 3% Most of the profit came from Boeing (BA), which increased by 14% during the regular session after the Federal Aviation Administration began its long awaited test flights for the 737 Max. The aircraft manufacturer reduced some late trading profits and declined more than 1%. "Data-reactid =" 18 "> During the Monday session, more than 2.3% of the Dow’s profit was largely from Boeing (BA), which increased by 14% during the regular session after the Federal Aviation Administration began its long awaited test flights for the 737 Max. The aircraft manufacturer saw some growth in late trading and declined by more than 1%.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Elsewhere shares of Lululemon (LULU) rose in late trade Announcement that it will acquire the Home Fitness Startup Mirrorin competition with the indoor cycling company Peloton (PTON). Peloton's shares fell in late trading, though the stock had more than doubled through the year to the close on Monday as Wall Street relied on the resilience of the workout-from-home phenomenon to face the coronavirus pandemic. "Data Reactide =" 19 "> Elsewhere shares of Lululemon (LULU) rose in late trade Announcement that it will acquire the Home Fitness Startup Mirrorin competition with the indoor cycling company Peloton (PTON). Peloton's shares fell in late trading, although the stock had more than doubled until Monday's close so far this year as Wall Street relied on the resilience of the workout-from-home phenomenon to cope with the coronavirus pandemic.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shares in Wells Fargo (WFC) also fell in late trading after the company announced plans to post its dividend after The Federal Reserve announced restrictions on bank withdrawals in its stress test results last week. Peer Big Banks including Bank of America (BAC), Citigroup (C.), Morgan Stanley (MS) and Goldman Sachs (GS) did not change their third quarter dividends, however, and these banks' stocks traded slightly higher overnight. "data-reactid =" 20 "> Wells Fargo shares (WFC) also fell in late trading after the company announced plans to post its dividend after The Federal Reserve announced restrictions on bank withdrawals in its stress test results last week. Peer Big Banks including Bank of America (BAC), Citigroup (C.), Morgan Stanley (MS) and Goldman Sachs (GS) did not change their third quarter dividends, however, and these banks' stocks traded slightly higher overnight.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The chairman of the US Federal Reserve, Jerome Powell, should give a testimony give before the House Financial Services Committee along with U.S. Treasury Secretary Steven Mnuchin on Tuesday. Published in prepared remarks on Monday afternoonPowell noted that despite some more positive developments in recent economic reports, "production and employment remain well below their pre-pandemic levels." "Data-reactid =" 21 "> Jerome Powell, chairman of the US Federal Reserve, will testify before the House of Representatives financial services committee together with US Treasury Secretary Steven Mnuchin on Tuesday. Published in prepared remarks on Monday afternoonPowell noted that despite some more positive developments in recent economic reports, "production and employment remain well below their pre-pandemic levels."

"The path for the economy is extremely uncertain and will largely depend on our success in containing the virus," he added in the statement. "A full recovery is unlikely until people are confident that it is safe to get back into a wide range of activities."

Incrementally more positive developments in the spread of the pandemic to new trouble spots also helped boost stocks during the Monday session. According to Bloomberg data, Texas saw a 2.9% increase in new coronavirus cases within a day for the lowest increase in a week, although intensive care units in the Houston area remained tight. Florida cases rose 3.7%, or 1.8 percentage points, from the average increase in the past seven days. At 2.8%, the new case rate in California was also below last week's average.

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6:07 p.m. ET: stock futures have hardly changed

Here were the key steps at the start of the US equity futures overnight session from 6:07 p.m. ET:

  • S&P 500 futures (ES = F.): 3,047.25, minus 0.5 points or 0.02%

  • Dow Futures (YM = F.): 25,482.00, minus 15 points or 0.06%

  • Nasdaq futures (NQ = F.): 9,981.25, a minus of 7.5 points or 0.08%

Traders wearing masks work on the first day of personal trading since they closed during the Coronavirus Disease outbreak (COVID-19) on the New York Stock Exchange (NYSE) in New York, the United States, on May 26, 2020 REUTERS / Brendan McDermid

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