The road ahead of Wall street:

Global market update

Investors greeted strong economic reports, including a solid jobs data for May which surpassed the expectations. The increase in hiring exceeded the forecast and boosted up the US major indices on last Friday and stocks successfully tried to battle back into positive territory for the week.

Political Turbulence:

The US economy tumbled due to the environment for the past few weeks."The US-China trade talk" made the headline in the Global economic market as well as US stock market. Apart from Trade talks with China, the political drama in Italy, impose tariffs on Aluminum and Steel imports from Canada, Mexico and the European Union kept investors on edge on last week.

U.S major indices performance:

The Dow ultimately ended Friday securely in the green and recovered a large mass of Thursday’s losses. However, the blue-chip index ended the week 0.5% lower and remains down around 0.2% for the year to date.
The S&P 500, rose 1.08% on Friday, was still about 140 points off its record peak set in January as concerns about trade frictions reduced many other shares. The NASDAQ composite ended last week at multi-month highs, clearing a recent sideways trend. The tech-heavy index is about 1% away from its intra-day high set on May 13. The small-capitalization stocks heaved to reach an all-time high, to beat the broader market indexes and back to record territory.

US  major indices futures:

The futures of US major indices rose modestly on Sunday night, along with S&P 500 futures and NASDAQ futures, as weekend U.S.-China trade talks ended with little progress.

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