U.S. stock futures point to a higher opening Monday morning, extending the gains after the major averages displayed resilience and ended in positive territory with modest gains on Friday despite weaker-than-expected jobs data. Positive trading in the world markets, led by banks, following assurance from finance ministers of G-20 countries of continued assistance until clear signs of recovery is likely to support sentiment
As of 6.15 am ET, the Dow futures were up 91.00 points, the S&P futures were up 11.60 points, and the tech-heavy Nasdaq 100 futures were up 15.25 points.
Traders are convinced that the recovery in the world's largest economy will be rather slow and painful Expectations that talks of exit for stimulus and prospects of higher interest rates are out of question at least until the end of this year and positive earnings outlook from companies, is driving market sentiment, as traders look ahead to a slew of quarterly results from the retail sector during the course of the week.
With no major economic data slated for release in the day, traders will be looking forward to earnings from the companies slated for release during the day.
Earlier in the day, DISH Network Corp (DISH) reported that third quarter net income attributable to common shareholders totaled $81 million, compared with $92 million during the corresponding period in 2008. Total revenue was $2.892 billion, down 1.5% from $2.937 billion for the corresponding period in 2008.
Before the market opens for trading, industrial automation solutions provider Rockwell Automation Inc. (ROK), Sempra Energy (SRE), oil refiner Tesoro Corp. (TSO), Boots & Coots Inc. (WEL), GTx Inc. (GTXI), and Liberty Media Corp. (LINTA) are among the major companies that report quarterly results.
Engineering and construction firm Fluor Corp. (FLR), bond insurer MBIA Inc. (MBI), Golden Star Resources Ltd. (GSS), Harvest Energy Trust (HTE), McDermott International Inc. (MDR), Pengrowth Energy Trust (PGH) and Priceline.com (PCLN) will report their quarterly results after the markets close for trading.
In other corporate news, global security company and defense contractor Northrop Grumman Corp. (NOC) announced that it has agreed to sell its advisory services business TASC, Inc. to consortium led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. for $1.65 billion in cash.
Sprint Nextel Corp. (S), the third-largest wireless provider in the U.S., and its partners are planning to invest more in Clearwire Corp. (CLWR) and an announcement of the new investment could come as soon as this week, said the Wall Street Journal citing two people familiar with the matter. According to the report, Overland Park, Kansas-based Sprint and its partners are likely to pump at least $1.5 billion more into Clearwire in order to help the wireless broadband services provider, that has struggled to build out its next-generation network.
Oil Light sweet crude oil price for December delivery is presently quoted at $78.73 a barrel, up $1.30 from its previous close of $77.43 a barrel in New York on Friday.
Dollar The U.S. dollar is presently trading weaker against the euro, pound and the yen.
World Markets The major markets across Asia ended in positive territory taking cues from Wall Street where the major averages ended in positive territory despite weak jobs report. The resilience in the U.S market and rally in commodities following assurance from the finance ministers of G-20 group to maintain measures aimed at boosting economic growth lifted the stocks across the region. The European markets are also trading in positive territory led by banks and commodities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.