Dow Jones rises, Nasdaq edges down as traders begin the new week

The new week is starting with some familiar investing trends as cyclicals look poised to notch modest gains this morning with tech on the backfoot. Dow futures are ahead by 0.3%, while contracts linked to the Nasdaq are off by 0.3% and the S&P 500 is hugging the flatline. The bet, known as the though the reflation trade, would see stocks more sensitive to the economic cycle outperform their peers as businesses reopen following the coronavirus pandemic.Not everything is rosy on the economic front. U.S. jobs rose by 266,000 in April, trailing estimates for a one million jump, marking a huge miss by economists and raising questions over what data they're using. Despite the blunder, the news could be good for equities, as it may suggest the Fed may hold its accommodative stance for longer. Treasury Secretary Janet Yellen weighed in by saying the report "underscores the long-haul climb back