The Nasdaq closed at record highs and Apple, Microsoft, Amazon, and Google all hit market caps of $1 trillion, again.
Overnight, US stock futures are down as the European Commission cut their 2020 and 2021 GDP forecasts because of rising coronavirus infections and German May production numbers declined.
US confirmed cases are near 3M and the death count surpasses 130K. The CDC said the death count could reach 160K by the end of July.
Meanwhile the US dollar is up 0.3% which often precedes a bearish day for US stocks.
The economic calendar is light with IBD/TIPP Economic Optimism and JOLTS Job Openings @ 10:00am ET. The Fed’s Quarles speaks @ 1:00am ET.
Volatility remains steady and elevated.
Size bias is short into the US session open on much lighter Globex volume than recent