Bullet Points, Highlights, Announcements
By Mark O’Brien, Senior Broker
Happy Independence Day eve. Heads up traders. While tomorrow, July 4th is a holiday, the next day, July 5th is the first Friday of the month and for traders it marks the release of the Labor Department’s monthly Non-farm payrolls report. The report is widely considered to be one of the most important and influential measures of the U.S. economy. It’s released at 7:30 A.M., Central Time.
The economy is expected to have added 190,000 jobs in June, a step down from the 272,000 new jobs in May. The unemployment rate is forecast to hold steady at 4%. Average hourly earnings are expected to decline from 0.4% in May to 0.3% in June, in a potential good sign for the Fed.
Stock Indexes:
The Nasdaq climbed to new all-time highs today as traders continued their buying into the excitement surrounding artificial-intelligence technology.
The S&P 500 rose to set an all-time high for the 33rd time this year.
4th of July modified trading hours! Full schedule HERE
Daily Levels for July 5th, 2024
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.