Stock Futures Up On Chinese Factory Strength; U.S. Data Due
Stock futures kicked off the third quarter with early gains Tuesday, buoyed by a report showing China’s factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow. China’s final reading of the HSBC/Markit purchasing managers’ index for June rose to 50.7 from May’s 49.4, edging past the 50-point level that separates growth in activity from contraction for the first time since December.
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