US equity futures are trading slightly higher ahead of the Tuesday open, setting the stage for a session dominated by macroeconomic data and geopolitical developments.
The modestly positive pre-market tone follows a historic second quarter for American stocks, capped by the Dow Jones Industrial Average closing at a fresh record high earlier in the week.
The broad-based rally that pushed the Dow to new peaks marked a decisive shift in sentiment, reversing a period of sustained selling pressure.
However, attention is now squarely on the upcoming labor market report.
Prediction markets are aligning with consensus expectations that May’s nonfarm payrolls will show a decline from the previous month, yet still outperform analyst forecasts.
This data release is critical for gauging the resilience of the US economy and informing Federal Reserve policy expectations.