Dow Jones Today Leads Futures Rise Ahead of PMI Data Oil Prices Surge EV Makers XPeng NIO Rally on May Deliveries

Futures are up ahead of PMI data. Oil is surging. Chinese EV makers XPeng and NIO are rallying on strong May deliveries. Its a busy morning for markets.

The PMI numbers will give a read on manufacturing activity. Strong numbers mean economic recovery is on track. Weak numbers mean the opposite. Markets are pricing in optimism.

Investors Business Daily tracks the daily market moves and what they mean.

Oil prices keep climbing which helps energy stocks but hurts consumers. The math is simple – higher gas prices mean less spending on other things. The economy handles this until it doesnt.

Energy markets remain volatile as demand recovery outpaces supply adjustments.

XPeng and NIO both reported May delivery numbers that beat expectations. The Chinese EV market is growing fast and these companies are grabbing share. Their stocks reflect the optimism.

Tesla still dominates EV conversations but the Chinese challengers are real. Competition is good for consumers and scary for incumbent automakers who waited too long to electrify.

Overall market tone is positive heading into the session. What happens after the open depends on how traders interpret the data as it comes out.

Market update June 2021