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Futures mixed after strong week on Wall Street

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U.S. stock futures were mixed on Monday after the major indices posted solid gains to close out the prior week, thanks in part to the debt ceiling deal and a stronger-than-anticipated May jobs report.

By 05:04 ET, the Dow futures contract gained 38 points or 0.11%, while S&P 500 futures dipped by 1 point or 0.01% and Nasdaq 100 futures slipped by 36 points or 0.25%.

The S&P 500 jumped by 1.45% on Friday, pushing the benchmark index up to its best week since March. The broad-based Dow Jones Industrial Average also surged by 2.12% and the tech-heavy Nasdaq Composite gained 1.07%.

Along with the debt limit progress in Washington, data on Friday showed that the U.S. economy added 339,000 jobs last month, far more than estimates. Wage growth also eased.

The numbers signaled that the world’s largest economy may not be heading toward a recession and indicated that the Federal Reserve could pause a long-running campaign of interest

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