US stock futures set for gains ahead of July 4; chip selloff masks broader move
U.S. stock investors go into the long weekend without the usual premarket session, as exchanges stay closed for Independence Day observed. The last read on futures had buyers stepping in after a weaker jobs report eased worries about a Fed rate hike soon. U.S. stock and bond markets are shut Friday and regular trading starts back up Monday, July 6. The Dow finished at a record, but the bigger story was the split between index price and market breadth. On Thursday, the S&P 500 closed little changed, but over two-thirds of its stocks traded higher. The Nasdaq slipped as traders reduced chip bets. That leaves Monday looking less like a typical risk-on move and more like a check on whether