The S&P 500 is coming off two consecutive weeks of gains, while the resilience in tech shares pushed the Nasdaq to a new record last week.
A pedestrian passes in front of the New York Stock Exchange in New York, U.S., on Wednesday, June 3, 2020.Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida.
"COVID remains a huge problem w/cases, hospitalizations, and fatalities all climbing," Vital Knowledge founder Adam Crisafulli said in a note on Sunday. "The market continues to absorb all this information relatively well and this seems to be a function of vaccine hopes, lower fatality rates vs. Mar/April, the avoidance of wholesale lockdowns, and the lack of a resurgence in the Northeast .
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