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Dow futures march higher as investors await private-sector jobs report - MarketWatch
Jun 03, 2020 1 min, 23 secs
stock-index futures pointed to further gains on Wednesday after the stock market closed at its highest level since early March.

were trading 9.10 points, or 0.3%, higher at 3,086.25, while Nasdaq-100 futures.

rose 267.63 points, or 1.1%, to end at 25,742.65, marking its highest close since March 6, according to Dow Jones Market Data.

rose 25.09 points, or 0.8%, closing at 3,080.82, its loftiest finish since March 4, and the Nasdaq Composite Index.

advanced 56.33 points, or 0.6%, to finish at 9,608.37, representing its best closing level since Feb.

On Wednesday, investors will get a fresh read of the impact of efforts to limit the spread of COVID-19, with a report on private-sector employment likely to show that 8.663 million jobs were lost in May, according to Econoday, compared with Automatic Data Processing Inc.’s.

curfew today, a full 22 minutes before sunset,” wrote BTIG analysts Julian Emanuel and Michael Chu in a Tuesday research note

The current bout of civil unrest playing out in America has drawn comparisons to social justice protests in 1968, but the BTIG analysts note that the weakened state of the economy due to the fallout from the viral outbreak makes the situation worse

Hope for success in businesses reopening has been credited with pushing stocks higher, but analysts say that an unprecedented dose of stimulus from the Federal Reserve has also provided a floor for assets considered risky

In addition to labor-market data, investors will watch for a report on the services sector from the Institute for Supply Management at 10 a.m

Read: Amid disease, riots and rising U.S.-China tensions, the stock market keeps it cool

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