US stock futures surge on strong May job report and passage of debt ceiling.

Exciting news for US stock futures as traders analyze the highly anticipated May jobs report and celebrate the passing of a debt ceiling bill by United States lawmakers. According to reports, futures on the Dow Jones Industrial Average (INDEXDJX: .DJI) rose by 180 points or 0.5%, while futures connected to both the S&P 500 (INDEXSP: .INX) and Nasdaq 100 both rose by 0.5%. Investors are encouraged by news from a variety of companies, including Lululemon Athletica Inc (NASDAQ: LULU) and MongoDB Inc (NASDAQ: MDB) which experienced remarkable increases in share prices. The May jobs report holds crucial implications for the Federal Reserve’s future policy decision, as it provides valuable insights into the state of the labor market and its potential impact on interest rates. The approval of the debt ceiling bill has also contributed to the positive sentiment among investors, as fears of a US default on its obligations have been alleviated. The S&P 500 and Nasdaq Composite (INDEXNASDAQ: .IXIC) are expected to register gains of approximately 0.4% and 1% respectively as the trading week comes to a close.