By Janet H. Cho

Stock futures were rising late Sunday, continuing their trajectory from last week, as Senate Republicans continued their debate on a tax-and-spending megabill they hope to reconcile with a House version and send to the White House by Friday.

Just after 6 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures jumped more than 132 points, or 0.3%; S&P 500 futures rose 0.1%; and Nasdaq Composite futures increased 0.2%.

The S&P 500 and the Nasdaq Composite both ended last week with new record closes, notching their largest one-week point and percentage gains since the week ending May 16, according to Dow Jones Market Data.

The S&P 500 is up 4.96% so far this year, while the tech-heavy Nasdaq is up 4.99%.

The Dow Jones Industrial Average closed up 1,612 points, or 3.8% last week, at 43,819, including a 432-point gain on Friday, according to Dow Jones Market Data. It was the largest one-week point and percentage gain since the week ended April 11.

The Dow is up 3% year to date.

The economic highlights for this holiday-shortened week include the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey for May on Tuesday, ADP's private payroll report for June on Wednesday, and the government's June jobs report and unemployment rate on Thursday. Equity and fixed-income markets will be closed Friday for Independence Day.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 29, 2025 18:26 ET (22:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.