Investors are expecting more economic data that can have a positive impact on the Wall Street market this week as US stocks opened higher on Monday, influenced by last week's positive performance.
Last week, US stocks mostly managed to record gains with the most notable being the Dow Jones index of 1.2% followed by the S&P 500 and Nasdaq with 0.51% and 0.17% respectively.
Among the economic data that will be in focus this week is the US PMI to be released on Monday which will give investors an insight into the performance of businesses in the US (US), followed by US unemployment claims data on Thursday and the US PCE index data on Friday.
Earnings reports from KB Home and Enerpac Tool Group are also awaited by investors, which will reveal the current performance of the companies.
In addition, market sentiment related to tariffs by President Donald Trump is also of concern to investors as it could affect trade relations and global supply chains.
