S&P 500 Futures Hold Steady Amidst Consolidation and Rally.

US stock futures indicate that the S&P 500 will remain near 10-month highs as investors expect the Federal Reserve to hold off on raising interest rates this month. The S&P 500 surged on Friday after the US created more jobs than expected in May, but with wage growth cooling and the unemployment rate rising, the Fed may pause its rate-hiking cycle in June. Traders are now pricing in a 78% chance that the Fed will leave interest rates unchanged at a range of 5% to 5.25% after its meeting on June 14.