TFII:CC - Markets to end July with Solid Gains

Stock futures rose slightly Monday, with Wall Street poised to wrap up July with strong gains.

Futures for the Dow Jones Industrials jumped 45 points, or 0.1% to 35,637.

Futures for the S&P 500 forged ahead 4.5 points, or 0.1%, to 4,611.

Futures for the NASDAQ added 3.5 points to 15,851.

The S&P is up 3% in July, on pace for its fifth positive month in a row for the first time since its seven-month streak ending August 2021. The tech-heavy Nasdaq Composite has gained 3.8% month to date, also on track for its fifth straight winning month.

The blue-chip Dow is up 3.1% in July. Last week, the 30-stock average posted a 13-day advance that matched the index's longest streak of gains going back to 1987.

The Fed hiked rates to their highest level in more than 22 years after passing a much-anticipated quarter-point hike. Fed Chair Jerome Powell said the central bank will make data-driven decisions on a “meeting-by-meeting” basis.

Investors will shift their focus on the big jobs report this week. Economists polled by Dow Jones expect the U.S. economy to have added 200,000 jobs in July. Nonfarm payrolls increased 209,000 in June.

In Japan, the Nikkei 225 jumped 1.3% Monday, while in Hong Kong, the Hang Seng soared 0.8%.

Oil prices gained 65 cents to $81.23 U.S. a barrel.

Gold prices dropped $2.20 to $1,997.80 U.S. an ounce.