00:20 GMT12 July 2020
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    May has been a relatively positive month for the US futures market, as traders were driven by optimism about the US economy gradually opening up from the coronavirus-induced lockdown.

    US stock futures traded lower on Sunday night and will enter June on a negative note, according to CNBC News.

    Futures contracts tied to the Dow Jones Industrial Average were 39 points (0.15 percent) lower. S&P 500 and Nasdaq 100 futures also dipped 0.2 percent each.

    As the economic reopening of the country continues, major stock indexes experienced their first back-to-back monthly gains since late 2019, with the tech-heavy Nasdaq Composite advancing 6.8 percent, fueled by the strong performance of tech giant stocks amid the pandemic. The Dow and the S&P 500 gained 4.3 and 4.5 percent, respectively.

    The S&P 500 was also up 38 percent from the intraday low set on 23 March.

    Investors have been monitoring the US-China relationship lately, as tensions increased between the two countries over the national security bill for Hong Kong. The legislation outlaws subversive and secessionist activities and is supported by high-ranking Hong Kong officials, but has been met by a wave of protests in the city.

    Tags:
    economic recovery, finance, virus, investors, United States
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