DJIA down 22 points (Il Sole 24 Ore Radiocor) - New York, 03 Jun - US futures were drifting to start a week that will feature key updates on the jobs market along with with the tailend of the earnings season.

Wall Street ended the week on a brighter note, closing out May with good gains to rack up its sixth positive month in seven. But stocks lost steam towards the end of the month as worries over the timing and number of interest rate cuts this year resurfaced.

In the week ahead, investors will be focusing on the payrolls report due out Friday, while updates on job openings and private wage growth will also be high up on the agenda, to gauge whether the jobs market remains resilient. Strong labor market readings have stoked concern the Federal Reserve may have to keep interest rates higher for longer as it strives to bring inflation down.

Last week a raft of Fed policymakers warned they needed to see hard evidence pricing pressure was trending down towards the central bank's 2% target before they could entertain the idea of easing monetary policy.

On the stocks front, the earnings season is in its final stages with results this week from names that include Lululemon Athletica, Dollar Tree and CrowdStrike.

In today's activity, shares in GameStop soared more than 70% in premarket trade after a Reddit account associated with Keith Gill, also known as Roaring Kitty, appeared to show the man who inspired the 2021 short squeeze had a 116 million dollar position in the video games retailer.

Elsewhere shares in chipmakers Nvidia and AMD rose after they presented next-generation AI chips while medical-waste-disposal company Stericycle was up after a report Waste Management was close to buying the company for around 7 billion dollars.

Futures on the Dow Jones were down 22.00 points, or 0.06%, S&P 500 futures were up 7.75 points, or 0.15%, while futures on the Nasdaq were 81.00 points, or 0.44%, higher.

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(RADIOCOR) 03-06-24 13:56:10 (0367) 5 NNNN