US pre-open: Futures higher ahead of final Q2 trading session
By Iain Gilbert
Date: Monday 30 Jun 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday as traders hope to wrap up an impressive month for major indices with a bang.
As of 1200 BST, Dow Jones futures were up 0.50%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.44% and 0.60% firmer, respectively.
The Dow closed 432.43 points higher on Friday, while the S&P 500 and Nasdaq both surpassed their previous record closes, as investors digested last month's personal consumption expenditures index.
Monday's primary focus will likely be whether or not the Senate can push through Donald Trump's "one, big, beautiful" bill after clearing a massive hurdle when it narrowly passed a key procedural vote on Saturday night.
Trump celebrated the late-night vote and took to social media to say he was "VERY PROUD OF THE REPUBLICAN PARTY TONIGHT".
A final Senate vote on the megabill was expected to take place on Monday, but Trump's BBB still faces an uncertain future in the House, with Republican lawmakers speaking out against revisions in the bill's latest version.
Democrats said they would force the 940-page bill to be read aloud once it heads to full debate, with Senate minority leader Chuck Schumer saying, "we will be here all night if that's what it takes".
Tech billionaire and one-time Trump confidant Elon Musk took aim at the Senate for passing the massive domestic policy package, calling it "utterly insane and destructive."
Elsewhere, Canada walked back its digital services tax "in anticipation" of a mutually beneficial comprehensive trade arrangement with the United States - just one day before the first payments were due to be made. Canada's decision to halt the 3% charge on Canadian revenue above $20.0m comes after Trump said over the weekend that he would be "terminating ALL discussions on Trade with Canada".
On the macro front, June's Chicago purchasing managers index will be published at 1445 BST, while this month's Dallas Fed manufacturing business index will follow at 1530 BST.
Speeches from Raphael Bostic and Austan Goolsbee will also likely draw an amount of investor attention.
Reporting by Iain Gilbert at Sharecast.com
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