US Stock Market Set to Open Higher on Positive Economic Data | #stockmarket #usstockmarket #premarket #opening
The US stock market is set to open higher on Wednesday, following positive economic data. The ADP National Employment Report showed that private payrolls increased by 247,000 in May, beating expectations of 200,000. The report also showed that the unemployment rate remained unchanged at 3.6%.
In addition, the Institute for Supply Management's Manufacturing Index rose to 56.1 in May, from 55.4 in April. The index exceeded expectations of 54.5.
The positive economic data is likely to boost investor sentiment and support the stock market. The S&P 500 is set to open higher by 0.5%, while the Dow Jones Industrial Average is set to open higher by 0.4%.
Here are some of the stocks that are expected to move today:
- Apple (AAPL) is expected to open higher by 0.6%.
- Amazon (AMZN) is expected to open higher by 0.5%.
- Microsoft (MSFT) is expected to open higher by 0.4%.
- Alphabet (GOOGL) is expected to open higher by 0.3%.
- Tesla (TSLA) is expected to open higher by 0.2%.
Please note that these are just a few of the stocks that are expected to move today. The actual performance of the stock market will depend on a variety of factors, including the release of other economic data and corporate earnings reports.