U.S. stock futures ticked higher Monday morning, with the Dow Jones, Nasdaq 100, and S&P 500 all pointing up after a long Independence Day weekend. Thursday's session was a mixed bag — the Nasdaq Composite slipped as semiconductor stocks took a hit, while the Dow surged to fresh record highs. Now, traders are shaking off the holiday cobwebs and getting back to work.
This week is packed with action. Elon Musk's Space Exploration Technologies Corp. (SPCX) joins the Nasdaq 100 before Tuesday's opening bell — a milestone that's been in the works for a while. And on Friday, South Korean memory chip giant SK Hynix will list on Nasdaq, adding another big name to the tech-heavy index. Meanwhile, quarterly results from PepsiCo Inc. (PEP) and Delta Air Lines Inc. (DAL) will give investors a read on how consumers are holding up amid volatile oil prices and economic uncertainty.
The economic calendar is also front and center. June's jobs report, released last week, showed payrolls rising just 57,000 — way below the 115,000 consensus and down from a revised 129,000 in May. April was also revised lower by 31,000, bringing the combined revisions to a net minus 74,000. That's a notable cooling, and it's already shifting expectations for the Fed. The 10-year Treasury yield stood at 4.46%, while the two-year was at 4.11%. According to the CME Group's FedWatch tool, markets are now pricing a 75.9% chance that the Fed leaves rates unchanged at its July meeting.
Here's how the major index futures were shaping up Monday morning:
The SPDR S&P 500 ETF Trust (SPY) was up 0.48% in premarket trading at $748.36, while the Invesco QQQ Trust ETF (QQQ) advanced 1.12% to $720.60.
Tesla
- Tesla Inc. (TSLA) was up 1.29% after reporting second-quarter deliveries of 480,126 vehicles, which beat estimates. Market data shows that TSLA maintains a weak price trend in the long, short, and medium terms, with a moderate quality score.
Intel
- Intel Corp. (INTC) rose 3.46% after reportedly hiking prices on its latest Arrow Lake desktop chips and select high-end data center processors, including the Xeon 8000-series. Market data indicates that INTC maintains a strong price trend in the long, short, and medium terms.
CrowdStrike Holdings
- CrowdStrike Holdings Inc. (CRWD) was 0.16% higher after it began trading on a split-adjusted basis following its previously announced 4-for-1 stock split last week. Shareholders of record as of June 25 received three additional shares for each share held after the market closed on July 1. The split didn't change the company's market value but reduced the per-share price and increased the number of outstanding shares. Market data shows that CRWD maintains a strong price trend in the medium, short, and long terms, with a poor value score.
Ford Motor
- Ford Motor Co. (F) was 0.22% higher despite reporting a sharp drop in electric vehicle sales in the second quarter of 2026. In a report published Thursday, Ford sold over 9,746 EVs in the U.S., a 40.7% year-over-year decline compared with Q2 2025's 16,438 units. Market data indicates that F maintains a weak price trend in the short term but a strong trend in the long and medium terms.
Cues From Last Session
Health care, consumer staples, and utilities stocks recorded the biggest gains on Thursday, driving most S&P 500 sectors to close on a positive note. However, information technology and communication services stocks closed lower. Here's how the major indices finished Thursday:
Insights From Analysts
Top economist Mohamed El-Erian highlights a shifting landscape for the U.S. economy and stock market, marked by a cooling labor market and central bank reform.
Analyzing June's jobs data, he notes that while nonfarm payrolls rose by a sluggish 57,000, solid earnings growth suggests that "the supply side is currently the dominant driver of the labor market." This cooler data has notably helped "moderate recent rate-hike fears" among investors.
For the stock market, El-Erian observes "further equity market rotation amid somewhat higher yields." While the overall quarter ended on a solid note for equities, underlying turbulence remains, particularly because "the AI and semiconductor trade remained volatile."
Looking forward, he anticipates a complex policy environment under new Fed Chair Kevin Warsh, who is shifting the central bank "away from explicit forward guidance."
El-Erian expects upcoming FOMC minutes to reveal a "tricky balance within the FOMC between those worried about sticky inflation and those more focused on potential labor market vulnerability." Ultimately, the market's trajectory will depend on whether the broader services sector can keep pace with AI in driving economic expansion.
Upcoming Economic Data
Here's what investors will be keeping an eye on this week.
- On Monday, June's US Services PMI data will be released by 9:45 a.m., June's ISM Report On Business Services PMI data by 10:00 a.m., and June's Global Services PMI data by 11:00 a.m. ET.
- No data is scheduled for Tuesday.
- On Wednesday, May's Monthly Wholesale Trade data will be released by 10:00 a.m. ET. Minutes of the Federal Open Market Committee meeting and economic forecast will be released by 2:00 p.m., and May's Consumer Credit data by 3:00 p.m. ET. Bank of England Deputy Governor Sarah Breeden, FRB New York President John Williams, and FRB Dallas President Lorie Logan will speak at The Future of Market Liquidity and Functioning Workshop at 8:00 p.m. ET.
- On Thursday, initial jobless claims for the week ending Jul. 4 will be released by 8:30 a.m., and June's Existing Home Sales data by 10:00 a.m. ET.
- No data is scheduled for Friday.
Commodities, Crypto, And Global Equity Markets
Crude oil futures were trading lower in the early New York session, down 0.45% to around $68.38 per barrel. Gold spot fell 0.59% to hover around $4,151.04 per ounce. The U.S. Dollar Index spot was 0.23% higher at 101.0930.
Meanwhile, Bitcoin (BTC) was trading 0.05% lower at $62,839.47 per coin over the last 24 hours.
Asian markets closed mixed on Monday, as Australia's ASX 200, South Korea's Kospi, Japan's Nikkei 225, and China's CSI 300 indices fell, while India's Nifty 50 and Hong Kong's Hang Seng indices rose. European markets were mostly higher in early trade.
