Daveforceone
2022-07-05

Daily market review 

Stock futures inched higher in overnight trading after the major averages finished another losing week.

Stock futures tied to the Dow Jones Industrial Average rose 18 points or 0.06%. S&P 500 futures inched 0.18% higher, and Nasdaq 100 futures added 0.43%.

The moves come as markets finished one of the worst halves in decades on Thursday, and major averages posted their fourth week of losses in five despite modest gains during Friday’s trading session.

Last week, despite modest Friday gains, the Dow dipped 1.3%, the S&P 500 dropped 2.2%, and the Nasdaq fell 4.1%. During Friday’s trading session, the Dow Jones Industrial Average added 321.83 points, or 1.1%, to 31,097.26, the S&P 500 gained 1.1% to 3,825.33 and the Nasdaq Composite edged 0.9% higher to 11,127.85.

In this shortened holiday week, investors are looking ahead to the release of June jobs report data on Friday. According to Dow Jones estimates, job growth likely slowed in June with 250,000 nonfarm payrolls added, down from 390,000 in May. Economists surveyed expect the unemployment rate to hold at 3.6%.

This week’s economic calendar also includes Wednesday’s release of minutes from the Federal Reserve’s latest meeting. May factory orders are expected for Tuesday, with earnings from WD-40 and Levi Strauss scheduled for Friday. Trade with care 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 叫我發先生
    2022-07-05
    叫我發先生
    Heng heng, pls give me a like
  • Numero
    2022-07-05
    Numero
    On a downtrend channel, July rate hike looming.
  • ElvisMarner
    2022-07-06
    ElvisMarner
    Thanks for your excellent post.
  • lylyly10
    2022-07-05
    lylyly10
    sigh when we will see the light
  • Junweicool
    2022-07-05
    Junweicool
    Think its just volatitlity moving
  • 76Nio
    2022-07-05
    76Nio
    hope market will up...my money trap in Nio shares
Leave a comment
4