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Here is a brief overview of some of the macroeconomic factors that may play a part in the market on Friday, June 2.

• The Senate passed a debt ceiling bill, sending legislation to Biden to avoid a default.
• Global manufacturing output rose in May, but new orders continue to fall.
• Arizona has limited residential construction around Phoenix due to water shortage.
• The US manufacturing sector continued to contract in May via the ISM Mfg Index.
• Jobless claims edged up, but they still remain relatively low.
• Construction spending in US for April rose well above expectations.
• US companies hired more workers than expected in May via ADP estimate.

Japanese stocks (Nikkei 225) closed at a three-decade high on Friday.

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