HomeFinancial MarketsStock Futures Mixed Ahead of July 4 Holiday

Stock Futures Mixed Ahead of July 4 Holiday

Futures were mixed on Monday morning to kick off what will be a shortened week due to the July 4th holiday.

S&P 500 futures hovered around the flatline, edging 0.1% higher while those on the Dow Jones Industrial index edged lower by around 0.1% as well. Contracts listed on the tech-heavy Nasdaq Composite Index rose by 0.2%.

In anticipation of the 4th of July holiday, markets will close at 1 p.m. ET on Monday and will remain closed on Tuesday. While stocks were mostly muted ahead of Independence Day, the major New York indexes ended the first half of 2023 on a high.

The Nasdaq Composite Index gained over 30% since the start of the year, while the S&P 500 is up by 16% for the year. The Dow Jones Industrial Average gained 4% during the first six months of the year.

Of the few stocks that were major movers on Monday, Tesla stood out with a 6% rise during pre-market trading. This came after the EV maker’s second-quarter production and delivery numbers hit all-time record highs.

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