US Stock Futures Climb with Expected Key Economic Data

US stock futures rose on Tuesday as investors returned from a long weekend, anticipating new economic reports this week that could shed light on interest rates. Dow and S&P 500 futures climbed 0.1%, while Nasdaq 100 futures increased by 0.2%. Last week, the Dow fell by 2.3%, the S&P 500 stayed flat, and the Nasdaq Composite surged by 1.4%. These movements followed strong US economic data and hawkish Federal Reserve minutes, which dampened hopes for rate cuts. However, strong earnings and excitement over artificial intelligence supported tech stocks. Investors are now awaiting consumer confidence data on Tuesday and the April PCE price index report on Friday for further rate outlook clarity. Earnings reports from Costco Wholesale and Ulta Beauty are also expected.

If the Nasdaq's upward momentum continues, the first resistance level to watch is 19000-19030. A breakthrough above this range would bring the next levels of 19200 and 19400 into focus. If the movement reverses downward, the initial support range would be 18780-18800, with a breach below this potentially leading to 1860. The third support level to monitor is 18430.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
19,400	19,200	19,000	18,780	18,630	18,430