U.S. stock index futures gained on Monday ahead of manufacturing PMI data, with focus also on labor market numbers later in the week for cues on the Federal Reserve’s monetary policy path. AI chip firm Nvidia (NVDA.O), shed 1.0% in premarket trading, after choppy trade last week, along with some weakness in other semiconductor stocks. Megacaps such as Alphabet (GOOGL.O), Microsoft (MSFT.O), and Amazon.com (AMZN.O), were up between 0.4% and 0.9%. Focus will be on ISM and S&P Global manufacturing PMIs later in the day. This follows Friday’s personal consumption expenditures (PCE) price index, the Fed’s preferred measure of inflation, which was unchanged in May and underscored the narrative […]
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