A mostly solid second quarter—even with June's struggles--ends today with investors anticipating May job openings data due soon after the open and Nike results after the close.
Stocks are higher as dip buyers’ step into the beaten-down tech sector. Markets monitor Middel East headlines and await the monthly jobs report later this week.
Stocks rebounded early, led by technology, on hopes for Middle East calm after recent strikes. A short week looms, highlighted by Thursday's June jobs report. Nike reports Tuesday.
The June nonfarm payrolls is expected on Thursday. SCFR's Kevin Gordon examines the factors in the report that may drive Fed monetary policy in his latest look at the week ahead.
The tech sector was hit with selling pressure and volatility this week, despite lower oil prices and yields, as money continues to flow towards other areas of the economy.
Though the tech-heavy Nasdaq is down 4% this week, market breadth keeps improving amid strength in other sectors. Consumer sentiment arrives today, and jobs data come next week.
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