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But stock futures moved off session highs following ADP's estimate that 473,000 private-sector jobs were lost in June. The ADP estimate comes a day ahead of a government report.
S&P 500 futures rose 3.3 points to 918.80 and Nasdaq 100 futures rose 6 points to 1,482.20. Futures on the Dow Jones Industrial Average rose 21 points.
Led by Bank of America, American Express and Alcoa, the Dow Jones Industrial Average finished the second quarter with an 11% rise, with the S&P 500 rising 15% and the tech-heavy Nasdaq Composite climbing 20%.
The gains came on signals the world may be escaping recession and that the credit crunch was thawing. But some expressed concern at a recent wilting of stocks.
"The great springtime global equity market rally of 2009 is now fading," said Aaron Gurwitz, head of global investment strategy at Barclays Wealth, who suggested "caution" for the next quarter or so.
But investors in foreign markets didn't greet the new quarter with caution.
The Shanghai Composite climbed 1.7% to move over the 3,000 mark for the first time in more than a year, and Europe markets also strengthened, with the FTSE 100 rising 1.2% in London.
The gains came as the China Federation of Logistics & Purchasing said its purchasing managers' index rose for a fourth straight month.
Similar gauges in the U.K. and the euro zone also rose, though those measures were below the level that indicates economic expansion. A Japanese gauge of business activity for the second quarter rose but came in below expectations.
The Institute of Supply Management's manufacturing gauge at 10 a.m. EDT headlines a crowded data schedule for the U.S., with releases also due pending home sales, construction spending, car sales and weekly energy inventories.
The dollar rose against the yen but fell versus the euro. Oil futures rose $1.39 to $71.18 a barrel.
General Mills early Wednesday forecast 6% to 7% growth in fiscal 2010 earnings, assuming no mark-to-market hits on commodity positions, as the group reported a 94% improvement in fiscal fourth-quarter earnings. Oshkosh Corp. surged 31% in pre-market trade after winning a $1.05 billion order to supply all-terrain vehicles to the U.S. Army. Navistar International and Force Protection slumped after losing out on the same deal.
Citigroup inked a deal to sell a Japanese trust division to Nomura for $197 million.
-By Steve Goldstein; 44 20 7842 9424
(END) Dow Jones Newswires
07-01-09 0833ET
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