us stock futures on tuesday pulled back from 16month highs as caution prevailed after a fivemonth winning streak on monday the dow jones industrial average djia rose 100 points or 028 to 35560 the sp 500 spx increased 7 points or 015 to 4589 and the nasdaq composite comp gained 29 points or 021 to 14346 markets were starting august in cautious mood taking a breather after recording a fivemonth winning streak the best such run in two years news out of china where reports showed factory activity contracting home sales plunging and country garden 2007  one of the biggest property developers abandoning a share placement was suppressing risk appetite lifting the us dollar dxy and pushing lower the prices of industrial commodities such as oil cl1 and copper hg00  still the sp 500 spx closed monday at a 16month high having gained 195 so far in 2023 as investors welcomed cooling inflation and hope that the federal reserve can soon stop interest rate rises having not badly damaged the us economy the fed may need to see evidence of easing inflationary pressures emanating from the labor market and so investors will be keenly eyeing jobs data over the rest of the week the jolts job openings report for july will be published on tuesday at 10 am eastern followed on wednesday by the adp private sector jobs reports the weekly initial unemployment claims on thursday and the nonfarm payrolls report on friday “the current economic conditions including decreasing inflation a pause in federal reserve tightening and steady or increasing growth could create an ideal situation for the stock market for a while now the market has responded positively to the idea of a smooth transition to a stable economic environment” said stephen innes managing partner at spi asset management other us economic updates set for release on tuesday include the sp manufacturing pmi for july due at 945 am and the ism manufacturing report for july alongside june construction spending at 10 am a generally wellreceived second quarter corporate earnings season has also been providing support to market sentiment companies presenting their results on tuesday include uber technologies uber  caterpillar cat  pfizer pfe  sysco syy and molson coors tap 