S&P and Nasdaq futures point to higher start for Wall Street; ISM, construction, auto numbers due. July 3 2006: 6:34 AM EDT
NEW YORK (CNNMoney.com) -- Investors will be watching a key report on manufacturing and sales results from automakers Monday as they try to extend last week's rally.
S&P and Nasdaq futures rose in early trading, pointing to a higher start for Wall Street. Stocks posted solid gains last week, on the back of Wednesday's big post-Fed rally.
Trading is expected to be light Monday, with the stock and bond markets closing early. Financial markets will be closed Tuesday for the July 4th holiday.
In economic news, the Institute for Supply Management is due to report on June manufacturing. Economists are forecasting a reading of 55, up from 54.4, according to a survey by Briefing.com. A reading above 50 points to growth in the sector.
Construction spending report is expected to show an increase of 0.2 percent for May after falling 0.1 percent in April.
Automakers are due to release June sales during the day.
Overseas, Tokyo's Nikkei index hit its highest level in four weeks and stocks in Europe were little changed in early trading.
ASX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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