U.S. stock futures finished slightly up on Monday, extending yet another on both the Dow and the S&P 500.
Despite the continuation of disappointing economic data from the first quarter of 2015 into the second quarter, the market has moved higher in the past few weeks. Highlighted by S&P 500 records in the previous two trading days, the continued momentum is being credited to continued sentiment that the Federal Reserve is in no position to raise interest rates.
Today, the markets mainly ignored the re-emergence of concerns over Greece’s ability to repay its creditors in the Euro Zone.
This week, continued data releases will include Federal Reserve meeting minutes on Wednesday, the weekly jobless claims on Thursday, plus housing and other critical consumer numbers through the next few days.
There is increasing sentiment that an interest rate hike could wait until 2016—good news for the markets, but perhaps a little troubling to the everyday consumer.
Here are the final numbers from Monday on Wall Street:
Dow Jones Industrial Average: 18,298.88 (+26.32)
NASDAQ: 5,078.44 (+30.15)
S&P 500: 2,129.20 (+6.47)