Dow Jones futures rose sharply Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a strong Monday open for the coronavirus stock market rally as Chinese stock markets soared overnight on bullish local media. While coronavirus cases are soaring in the U.S., Covid-19 deaths have continued to trend lower.

The latest report from the Congressional Budget Office expects the economy to “grow rapidly” in the third quarter provided taxes and spending ‘remain in place.’

Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.

Several benchmark mortgage rates slid lower today. The average rates on 30-year fixed and 15-year fixed mortgages both receded. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also tapered off.

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

U.S. equity futures are pointing to a lower open when the final session of the second quarter begins on Wall Street.