Investors are coming off a positive session Monday, which kicked off the start of a new trading month, quarter and half-year for traders.
Yields and prices move in opposite directions and one basis point equals 0.01%.Bank of America's Jill Carey Hall said the bank's clients bought $5.5 billion worth of equities last week, with single stocks and ETFS seeing sharp inflows. The flows were led by tech and communication services, which saw more than $1 billion in inflows each.China's service sector activity remained in positive territory forThe Caixin services purchasing managers index for June came in at 53.
The survey said "business activity and new orders both expanded at notably slower rates than seen in May, as some firms reported softer than expected market demand."Services activity in Japan remainedThe final au Jibun Bank Japan Services purchasing managers' index fell from a record high of 55.9 in May to 54 in June, both well above the 50-mark that separates contraction and growth.
"The Japanese services economy signaled that demand conditions remained positive during June," Usamah Bhatti, Economist at S&P Global Market Intelligence, said in a Wednesday release.— Jihye LeeMay factory orders data is set to release Wednesday after the open. Economists polled by Dow Jones are anticipating a rise of 0.6%, which would be greater than the 0.4% increase the previous month.U.S. stock futures were little changed on Tuesday night as Wall Street looks to resume a holiday-shortened week. Markets were closed Tuesday for the Fourth of July holiday. They closed early Monday.
Dow Jones Industrial Average futures fell by 31 points, or 0.09%. S&P 500 and Nasdaq 100 futures dipped 0.05% and 0.11%, respectively.
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