Following the strong upward move seen last week, stocks are likely to see further upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 39 points.
The upward momentum on Wall Street comes as traders continue to look to pick up stocks at relatively reduced levels following recent weakness.
Some traders feel the sell-off in response to monetary policy tightening around the world was overdone, offering good opportunities to hunt for bargains.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.