The ADP report on May jobs growth is due before the open, while chip giant Broadcom reports after the close. Stocks keep posting record highs, and breadth improved Tuesday.
Strong private sector jobs growth of 122,000 didn't initially give markets a boost because attention appears focused on fresh Middle East tension that sent oil and yields higher.
Equity Futures are mixed after another record high for the S&P. Light Sweet Crude, Brent Crude, and Heating Oil are amongst the top movers this morning after escalations in Middle East.
Strong private sector jobs growth of 122,000 didn't initially give markets a boost because attention appears focused on fresh Middle East tension that sent oil and yields higher.
Tech led a narrow rally to new record highs to start the week, and investors now wait for earnings from Palo Alto Networks today and Broadcom tomorrow. Job openings data also loom.
While jobs data is prevalent in coming days, earnings from chip giant Broadcom on Wednesday keep tech in focus, too. Nonfarm payrolls loom Friday, and Nvidia's Huang speaks today.
May jobs data is out Friday. Hiring has shown resilience despite global instability, said Kevin Gordon, head of macro research and strategy at SCFR, in his look at the week ahead.
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