Investors are awaiting new nonfarm payrolls data at 8:30 a.m. ET and new factory orders are due at 10 a.m. ET.

The May jobs report is drawing a lot of attention as market players believe it will be a crucial piece of data when the Federal Reserve meets later this month.

Economists expect the report to show 671,000 jobs were added in May, according to a poll conducted by Dow Jones. The economy added 266,000 jobs in April.

Elsewhere, Federal Reserve Chair Jerome Powell participates in the Green Swan 2021 Global Virtual Conference livestream at 7 a.m. ET.

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