General market trends
Stock futures rose after a tentative deal on raising the US debt ceiling was reached between the Biden administration and Republican lawmakers. Both Republican and Democratic support is needed for the bill to pass. Investors are hopeful that this deal will be completed and approved in the coming days. This could incentivise potential market growth. One potential obstacle this week is the upcoming release of macroeconomic data on the May labour market. However, if this data is positive, it could provide a significant boost to market growth.
Previous session's movement leaders
The stocks of the following companies showed the biggest growth:
Ford Motor +6.58%
Ford Motor Company is an American multinational automobile manufacturer. The company sells automobiles and commercial vehicles under the Ford brand and luxury cars under its Lincoln brand.
QUALCOMM Inc +5.96%
QUALCOMM Incorporated is an American multinational corporation that engages in the development and commercialisation of foundational technologies for the wireless industry worldwide. It creates semiconductors, software, and services related to wireless technology.
Baidu, Inc. is a Chinese multinational technology company specialising in Internet-related services, products, and artificial intelligence (AI). Baidu offers various services, including a Chinese search engine and a mapping service called Baidu Maps.
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Goldman Sachs Group ($2.50)
Last day for dividend eligibility.
Hewlett-Packard (after market close).
US CB Consumer Confidence (14:00 GMT)
This index predicts consumer spending and overall economic activity. A high rating suggests consumer optimism and can positively impact the USD exchange rate.