MARKET SNAPSHOT: Dow Industrials Poised For A Fresh Record, While Tech Stocks Set To Rise

By Barbara Kollmeyer, MarketWatch Features Dow Jones Newswires

U.S. stock-index futures trekked higher on Monday, and the Dow industrials aimed to open at a fresh record and beleaguered technology stocks looked set to kick off trade in the green.

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The indicated U.S. gains follow strength across global equities, as European and Asian benchmarks move higher.

Dow Jones Industrial Average futures rose 75 points, or 0.4%, to 21,408, while S&P 500 futures added 8 points, or 0.3%, to 2,439. Nasdaq-100 futures shot up 40.75 points, or 0.7%, to 5,724.75.

Early moves bolster expectations that the Dow industrials will open above the all-time closing high of 21,384.28 hit Friday, the 21st record for 2017.

The S&P 500 index finished less than a point higher Friday and flat for the week.

On Friday, the Nasdaq Composite fell 0.2% (http://www.marketwatch.com/story/us-stocks-set-to-fight-for-positive-ground-housing-data-ahead-2017-06-16), extending a rough patch for the tech sector. A bounce for tech stocks at the open Monday would follow a second-straight weekly loss. Leading the way higher on Monday, shares of Apple Inc.(AAPL) and Amazon.com Inc.(AMZN) were up around 1% in thin premarket trading.

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Investors are likely to keep tech stocks in focus this week (http://www.marketwatch.com/story/tech-selloff-remains-a-concern-after-fed-hike-tepid-economic-growth-2017-06-17), amid concerns the sector could start to drag down the broader market (http://www.marketwatch.com/story/tech-selloff-remains-a-concern-after-fed-hike-tepid-economic-growth-2017-06-17), given the Federal Reserve has indicated it will tighten policy and economic data has failed to inspire.

Economic docket: New York Fed President William Dudley is scheduled to speak at a business roundtable in Plattsburgh, New York, at 8 a.m. Eastern Time. Later in the day, Chicago Fed President Charles Evans is slated to give a speech to the Money Marketeers of New York University (https://moneymarketeers.org/upcoming-events/#!event-list) at 7 p.m. Eastern.

There are no top-tier economic data on the calendar for Monday.

Stocks to watch: Shares of Boeing Co. (BA) could be active after the aircraft maker said more than 10 customers have committed to buying its 737 Max 10 airplanes (http://www.marketwatch.com/story/boeing-says-it-already-has-customers-for-single-aisle-jetliner-the-737-max-10-2017-06-19). It made the announcement at the 2017 Paris Air Show on Monday. Among the orders, General Electric Co.'s(GE) plane-leasing unit GECAS, signed an order for 20 of the planes.

Read:Boeing sees big gap in the market for a revamped jetliner--but won't rush in (http://www.marketwatch.com/story/boeing-sees-big-gap-in-the-market-for-a-revamped-jetliner-but-wont-rush-in-2017-06-19)

Alphabet Inc.'s(GOOGL) Google Inc. announced a four-step plan to fight terror, among them using technology to spot extremist and terror-related videos, in a blog post Sunday (https://blog.google/topics/google-europe/four-steps-were-taking-today-fight-online-terror/).

Europe inspires: While Asian stocks kicked the week off higher, even more robust gains were seen for European stocks on Monday. The French CAC 40 index rose 0.9% after French President Emmanuel Macron's pro-Europe Union party and its centrist ally saw a decisive victory in parliamentary elections (http://www.marketwatch.com/story/macrons-party-on-track-for-dominant-win-in-french-parliament-2017-06-18). The Stoxx Europe 600 was up about 0.6%.

The FTSE 100 index added 0.5%. U.K. officials will be meeting with their Brussels counterparts on Monday to start talks over Britain leaving the European Union. Meanwhile, in what police are calling a terrorist attack, a van rammed into a crowd near a mosque (http://www.marketwatch.com/story/one-dead-several-injured-after-car-rams-crowd-in-finsbury-park-london-2017-06-19) in North London, leaving one person dead and several injured.

Other markets: Oil prices were higher (http://www.marketwatch.com/story/oil-prices-kick-off-the-week-with-a-move-down-2017-06-19), while the dollar held steady. The pound firmed up ahead of those Brexit talks (http://www.marketwatch.com/story/pound-steady-with-brexit-talks-due-to-kick-off-2017-06-19). Gold prices slipped $4 to $1,252.40 an ounce.

(END) Dow Jones Newswires

June 19, 2017 07:41 ET (11:41 GMT)