US pre-open: Futures mixed as traders looks to build on last month's momentum

(Sharecast News) - Wall Street futures were mixed ahead of the bell on Monday after a big day for the blue-chip Dow Jones in the previous session. As of 1235 BST, Dow Jones futures were down 0.04%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.14% and 0.41% firmer, respectively.

The Dow closed 574.84 points higher on Friday as traders looked to build on last month's solid momentum.

Optimism regarding a potential Joe Biden-led ceasefire in Gaza drove oil prices lower early on Monday, also giving the president a boost as his predecessor and main rival Donald Trump was recently found guilty in the New York courts. However, the impact this is likely to have on the polls remains to be seen.

On the macro front, S&P Global's May manufacturing index will be published at 1445 BST, while April construction spending numbers and last month's ISM manufacturing PMI were slated for release at 1500 BST.

In the corporate space, Nvidia shares were in the green ahead of the bell after it announced new AI chips on Sunday before its latest model even shipped, while GameStop stock was up more than 74% amid speculation that the seller who inspired the 2021 short squeeze may have yet another big position in the retailer.









Reporting by Iain Gilbert at Sharecast.com