The calendar is light this week, with earnings season around the corner. Investors may scrutinize Fed minutes on Wednesday while the Dow strives to continue outperforming.
Chips, which sold off last week, resumed their surge this morning and lifted major indexes to early gains. The week ahead includes Fed minutes and earnings from Delta and PepsiCo.
All three major indexes fell but remained near breakeven as tech and utilities sectors led the declines. The June jobs report is out Thursday ahead of the Fourth of July holiday.
June jobs data showed 57,000 were created, well short of analyst expectations, and the unemployment rate landed at 4.2%. Major indexes recovered early after losses Wednesday.
Stocks ended the second quarter on a high note, with the Nasdaq posting its best quarter in six years. Before the holiday, investors will digest jobs and manufacturing numbers.
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.
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