Investing.com - The National Federation of Independent Business index of small business optimism rose more-than-expected in May, hitting a 12-month high, official data showed on Tuesday.
In a report, National Federation of Independent Business said that NFIB Small Business Optimism rose to 94.4 in May from 92.1 in April.
Analysts had expected the index to rise to 93.4 last month.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.21% to trade at 1.3285.
Meanwhile, U.S. stock index futures held on to losses. The Dow Jones Industrial Average futures pointed to a drop of 0.75% at the open, S&P 500 futures indicated a loss of 0.9%, while the Nasdaq 100 futures signaled a 0.85% decline.
In a report, National Federation of Independent Business said that NFIB Small Business Optimism rose to 94.4 in May from 92.1 in April.
Analysts had expected the index to rise to 93.4 last month.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.21% to trade at 1.3285.
Meanwhile, U.S. stock index futures held on to losses. The Dow Jones Industrial Average futures pointed to a drop of 0.75% at the open, S&P 500 futures indicated a loss of 0.9%, while the Nasdaq 100 futures signaled a 0.85% decline.