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.
The S&P 500 Equal Weight and Russell 2000 are hitting fresh highs to start the new month/quarter. However, the AI infrastructure theme is under pressure as investors look elsewhere.
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.
Active semi-transparent ETFs can offer a different way to invest, so it's important to understand how they work and how they compare with other fund types.
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.
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