Homepage / Investment / What to watch in markets this week: Tech stocks, the jobs report and more
Базовые правила и условия игры в kazino online на настоящие деньги Ana amaç çevrimiçi kumarhane 7slots: önemli avantajlar ve kategoriler Как начать игру в казино онлайн на настоящие деньги 1win Apk: Um Melhor Aplicativo Pra Jogos De Cassino Aqui No Brasil” 1win Apk: Um Melhor Aplicativo Pra Jogos De Cassino Aqui No Brasil” Mostbet Azerbaycan Rəsmi Casino Giriş Və Qeydiyyat Mostbet A Миссди Ххк Cassino Online Operating System Melhores Jogos At The Bônu 1win Mali Site Officiel des Paris Sportifs et Casino Inscription 1xbet Aviator How To Play The Aviartor Game On 1xbet In Nigeri прохода 1win Официальный Сайт Букмекерской Конторы же Казино 1ви Скачать Пин Ап Казино%3A Мобильное Приложение Pin Up Be Laurence Escalantes online casino empire feels heat of US lawsuits 1xbet Paid For Over $836, 000 To A Player From Africa Казино Покердом Играть Онлайн Бесплатно%2C официальный Сайт%2C Скачать Клиен Бесплатные Игры Казино Слоты И Игровые Автомат “казино Pin Up%3A находимся Вместе К вожделенной Мечте Ücretsiz Slot Oyunları Silvergames’te Çevrimiçi Oynayın Mostbet Bookie: Legjobb Szorzók És Élő Fogadási Élmény Online Mostbet Login To Your Online Casino Personal Account In Bangladesh! Top 10 Best Online Gambling Dens In 2024 Tested & Approve Powerful casino tactics in 2024: 7 vital methods for athletes Guide to Online Casinos in Canada “Online Kumarhane Oyna Çevrimiçi Kumarhane Nolimitwa Legalzoom Hisse Geri Alım Programını 75 Milyon Dolar Artırdı Yazar Investing Co Как играть в симуляторы в онлайн-казино Вавада Игровые Автоматы Демо Играть Бесплатно нет Регистраци Glory Casino: Top Online Casino Video Games In Banglades Рейтинг Надежных Онлайн Казино Лучшие Топ Клубы Росси Fortune Tiger Slot Review: Análise E Como Joga 1win Au Bénin: Une Revue Complète De La Plateforme De Paris En Lign Sledování Titulu Casino Suprême: Kde Sledovat What is a Data Room? Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills


What to watch in markets this week: Tech stocks, the jobs report and more

The first half of the year has flown by and stocks certainly have a lot to show for it.

The S&P 500 and the Dow Jones industrial average notched their biggest first-half gains since 2013. The tech-heavy Nasdaq composite, meanwhile, left them in the dust, surging 14.2 percent to post its best start to a year since 2009.

Technology stocks were a big driver for the broader market during the first six months of 2017, outperforming other sectors. But Wall Street’s favorite stocks have hit a snag recently.

To boot, investors will only have three full trading days to digest a slew of economic data. The stock market closes at 1 p.m. on Monday and will not open Tuesday because of the Fourth of July holiday.

As the first week of the second half of 2017 begins, here’s what investors need to watch: Tech, banks and key data about the jobs market and auto sales.

Tech stocks were Wall Street’s darlings in the first half, with the sector rising 16.2 percent. Giants in the space like, Facebook, Apple, Google-parent Alphabet and Netflix have all spiked at least 17 percent in 2017.

That said, tech hit a slump in June, dropping nearly 3 percent during the month as high valuations led investors to pare down their tech positions.

“I think investors will be a bit on edge now that tech has shown signs of cracking, but this is not surprising given the run they’ve had,” said Mike Baele, managing director at U.S. Bank Private Client Reserve.

Added losses in tech are likely to push the stock market lower, so keep an eye on the sector. Tech’s slide, however, has led to money flowing into more neglected areas of the market, such as bank stocks.

Banks came out of their funk in June, with the SPDR S&P Bank exchange-traded fund (KBE) — which tracks large-bank stocks — advancing 5.8 percent.

Big-bank stocks got a boost last week after the Federal Reserve approved share buyback programs and higher dividend yields for the big banks.

The central bank did not object to any of the buybacks or dividend hikes from the 34 banks it reviewed during the second phase of its annual stress test. This was the first time in the seven-year history of the tests implemented in the wake of the financial crisis that all banks have passed.

The Fed’s blessing, coupled with a recent rise in global interest rates, have some on Wall Street licking their chops to plow more money into bank stocks.

“I don’t think people are fully appreciating that these names were once dividend darlings and that they may become that once again,” said Steve Chiavarone, portfolio manager at Federated Investors.

This week we’ll get arguably the most important economic report of the month: The nonfarm payrolls report (also known as the jobs report).

Investors will know how many jobs were created in June, but the most important part of the report for investors will be how much wages grew last month. Wage growth not only indicates whether U.S. workers are making more money, but also if inflation in the U.S. is picking up. Inflation is a key component used by the Federal Reserve to determine their course of monetary policy.

The jobs report tends to be one of the biggest market-moving data points, so stay tuned … until Friday.

In the meantime, Wall Street will turn its sights to auto sales for June, an early indicator of consumer spending. Auto sales fell in May to a seasonally adjusted annual rate of 16.6 million as sales remain below December’s 18.3 million, a record.

Investors will also have construction, trade and manufacturing data to chew on this week. Here’s a summary of all the economic data slated for this week:

  • Monday: St. Louis Fed President James Bullard speaks, PMI manufacturing index, ISM manufacturing index, construction spending.
  • Wednesday: mortgage applications, factory orders, minutes from the Federal Reserve’s last meeting.
  • Thursday: Challenger job-cut report , ADP employment report, international trade, weekly jobless claims, PMI services index, ISM non-manufacturing index
  • Friday: Jobs report

Wall Street will have a lot on its plate this week as the second half kicks off: Bank stocks are showing signs of life, tech has been faltering and economic data will take center stage during a shortened trading week.

And while tech’s pullback may be scaring some investors, the recent action in the market is not the start of a bigger downfall, said Jason Hunter, a technical analyst at JPMorgan:

Tactically, the tone stays negative while below that short-term breakdown, but we do not think the current weakness is the start of a lasting and material correction. While we have been growing more concerned about a summer top pattern and potential correction into the fall, that medium-term bearish reversal pattern has not developed yet. Furthermore, the current weakness is, in part, driven by the bearish global bond price action. We actually view the resulting equity volatility and sector rotation as a potential medium- to longer-term positive.

Invest wisely.

Source: Investment Cnbc
What to watch in markets this week: Tech stocks, the jobs report and more

Comments are closed.