On June 29, 2026, traders work at the New York Stock Exchange.
new york stock exchange
Stock futures were mixed Sunday night following a strong week on Wall Street that pushed the Dow Jones Industrial Average to record highs.
futures tied to 30 stock benchmark It fell 28 points, or 0.1%. S&P500 futures Although it rose by 0.4%, Nasdaq 100 futures It advanced by 1.3%.
Asia-Pacific markets are set for mixed trading on Monday as investors reconsider their artificial intelligence-enabled strategies, with attention also focused on the minutes of the Federal Reserve’s June meeting due to be released later this week.
The Nikkei Stock Average, Japan’s benchmark stock average, was flat due to the decline, but the TOPIX rose 0.2%. South Korea’s Kospi rose 0.61%, while the small-cap Kosdaq fell 1%. Australia’s benchmark S&P/ASX 200 fell 0.23%.
The Japanese yen was trading at 161.54 yen to the dollar, after falling to a 40-year low against the US dollar last week. The Korean won fell by about 0.25% to 1,532.82 won to the dollar after the start of 24-hour trading.
Hong Kong’s Hang Seng Index futures traded at 23,253, below the previous close of 23,350.03.
of Dow Last week, the number rose nearly 2% to reach 53,000, a level never reached before. of S&P500 and Nasdaq Composite They also posted strong gains last week, rising 1.8% and 2.1% respectively.
The gains came even as semiconductors, which have been the driving force behind much of the market’s gains this year, slumped last week as investors reduced exposure to chipmakers and redirected investments to other sectors. of VanEck Semiconductor ETF (SMH) It fell 3.2%, the second consecutive week of declines.
“The increased sector rotation is a big positive, with financials, healthcare and industrials all closing at new weekly highs this week, more than offsetting the consolidation in semiconductors,” said Mark Newton, head of technical strategy at Fundstrat. “The decline in semis is a short-term headwind that favors holdings in other sectors until it subsides, but it has no impact on the broader index.”
Newton expects the S&P 500 to reach 8,000 by mid-August. The benchmark ended last week at 7,483.24, about 7% below the 8,000 benchmark.
Traders will be keeping an eye on the Fed this week, with minutes from its June meeting, chaired for the first time by new Chairman Kevin Warsh, expected to be released on Wednesday.
