U.S. stock futures traded slightly lower in early pre-market trade after the Nasdaq jumped 200 points in the previous session following the release of May’s jobs report. Investors are awaiting earnings results from G-III Apparel Group, Ltd. (NASDAQ:GIII), Vail Resorts, Inc. (NYSE:MTN) and Marvell Technology Inc (NASDAQ:MRVL).
Data on consumer credit for April will be released at 3:00 p.m. ET. Analysts expect consumer rising $20.0 billion in April following March’s $25.8 billion increase.
Futures for the Dow Jones Industrial Average fell 2 points to 34,740.00 while the Standard & Poor’s 500 index futures fell 8.25 points at 4,220.00. Futures for the Nasdaq 100 index dropped 59.75 points to 13,707.00.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 33,362,620 with around 597,620 deaths. India reported a total of at least 28,909,970 confirmed cases, while Brazil confirmed over 16,947,060 cases.
Oil prices traded lower as Brent crude futures fell 0.5% to trade at $71.54 per barrel, while US WTI crude futures fell 0.5% to trade at $69.26 a barrel. The total number of active U.S. oil rigs came in unchanged at 359 rigs