FX.co ★ US Futures Edge Higher to Start the Month

US stock futures inched higher on Monday as June trading began, with the major indexes holding near record highs. Wall Street closed out a strong May, with the Dow gaining 2.79%, the S&P 500 rising 5.15%, and the Nasdaq Composite advancing 8.36%. Technology shares remained the primary driver of the rally, bolstered by sustained enthusiasm for artificial intelligence–related investments. Sentiment was further supported by a robust earnings season, as roughly 85% of S&P 500 companies reported first-quarter results that exceeded expectations. In geopolitics, the US and Iran agreed to a 60-day memorandum of understanding to uphold the current ceasefire, though talks toward a broader and more durable peace deal are still in progress. Investors are now turning their attention to the upcoming nonfarm payrolls report, which could offer key insights into labor market conditions and the likely path of Federal Reserve policy.