Homepage / Investment / What to watch in markets this week: Tech stocks, the jobs report and more
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Chat with japanese women – find your perfect match now Enjoy enjoyable & exciting online conversations Pin Way Up Turkey Online Casino Resmi Sitesi Giriş Ve Kayıt Pin-up Casino Resmi Internet Sitesi Online Casinoda Gerçek Parayla Oynayın Could It Possibly Be Smart To Pick Up Girls On Facebook? | Dating Logic Meet singles whom love to have fun Enjoy a safe and protected dating experience on our platform Pin-up Casino Türkiye Sobre İyi Canlı On Line Casino Oyunları Ve Position Makineleri Girişi Sabitle Resmi Pin Up Casino Web Sitesinde Oynayın Kumarhaneler-pinup O Melhor Cassino E Apostas Esportivas Do País E Do Mundo ᐈ Pin-up Join our bbw adult site and start your dating journey today Mengetahui Jenis-Jenis Permainan yang Tersedia di Royale168 Jogar͏ Collision Slot Aviator No Casino Online͏ Pin-up How to find cougar women – guidelines and tricks what exactly is a black cougar woman? Бесплатные Онлайн-слоты Играйте В Оригинальные Слоты Gaminator Онлайн Um Líder No Mundo Perform Entretenimento De Jogos De Apostas Бесплатные Онлайн-слоты Играйте В Оригинальные Слоты Gaminator Онлайн Leon Online Casino Έως 1 500 Ανά Κατάθεση! Get to learn other gay males inside area Онлайн-казино остальной Лучшие%2C Рейтинг%2C Топ-10 В 2024 году Enjoy an incredible dating experience with beautiful bisexual women 1win Apostas E Cassino On-line No Brasil Web-site Oficial Najlepsze Kasyna Z Blikiem 2024 Игровые Автоматы Играть бесплатно И Без Регистрации В Казино Онлайн A couple of things to learn about Online Dating – MeetKing Website Basaribet’ýn En Popüler ve Kar Getiren Slotlarý Slotcatalog ᐈ Ne Oynanır? Nerede Oynanır? 1win Ci: Découvrir Votre Experience De Rome Et Jeux Inégalée “”1win Uzbekistan ⬅️ Rasmiy Sayti Bukmekerlik Kompaniyasining Al Afrah Plastic-type Product Trading” Casino Oyun Masası: Rulet & Blackjack How To Locate Swingers and Fulfill These – 27 Items You Should Be Aware Of  – The Woman Standard Unlocking the Mysteries of Online Psychic Analysis Aplikacja Total Casino Jak Pobrać? Total Casino Blog 1win Within Contrast In Order To Manage To Helsinki Reds » Quotations, Odds, Friendly Evaluations & Stat Blog Nouveaux Casinos Sur Internet Leading 15 Casinos Sobre France 2024 Australian No Deposit Bonus Casino Codes: Clean List 2024 Новые Игровые Автоматы И Слоты Играть Бесплатно И без Регистрации В Новинки 2024 Игровые Автоматы в Деньги С Выводом Играть Онлайн а Лучшие Слоты Игровые Автоматы в Деньги С Выводом Играть Онлайн а Лучшие Слоты 2024’te Yatırımsız Bonus Veren Siteler Listesi Join our mexican dating services & take pleasure in the journey of love +4770 Slot Gratis Senza Scaricare Ottobre 24 2024’ün En Cazip Bahis Siteleri ve Kazanç Sağlama Yolları “Gambling & Online On Line Casino Site Login Slot Oyunları İçin En İyi Bonus Seçenekleri dec (5838) Bahis Stratejileriyle Gelirinizi Katlamanın İpuçları “1win Официальный Сайт Букмекера 1вин Идеальный выбор Для Ставок а Спорт И Онлайн-игр 1win Sportsbook Log In To 1win Betting And Obtain Your Sports Bonus Start dating a milf and revel in a fun, exciting relationship Игровые Автоматы Онлайн Бесплатно и Без Регистрации%2C ото Крупнейших Провайдеров Cassinopix é confiável? Veja a nossa análise completa 333Bet é confiável? Paga mesmo? En İyi Bahis Siteleri Türkiye’de Güvenilir ve Kazandıran Siteler 2021 Yılında En İyi Bahis Siteleri – Güvenilir ve Kazançlı Türkçe Bahis Siteleri Best Real Money On-line Casinos In Australia 2024 Play In Au$ Best Online Internet Casinos Canada 2024: Top Ten Casino Sites With Regard To Ca Players Pin Up Deposit 1win How To Down Payment And Withdraw Money From Your Account Meet your ideal millionaire sugar daddy – here is how “l’armée Ivoirienne Attaquée Par La France”: Comment Une Fausse Information A Émergé En Côte D’ivoire” Cazip Deneme Bonusları ile Oyun Keyfini Artır Exploring the planet for love: what you ought to find out about top international dating sites SecretMilfClub Review in 2021 – Read All of our Scam Report! – RomanceScams.org Glory Casino Login In Addition To Registration Instructions Intended For Bangladesh Users The features of dating an older guy for younger women O Melhor Cassino E Apostas Esportivas Do Brasil ᐈ Pin-up Yüksek Kazançlı Bahis Stratejileri: Bonus Kullanımının Önemi Hoşgeldin Bonusları ile Bahis Oyunlarında Kazanç Sağlama “azərbaycanda Onlayn Kazino Pin Up Pin Up Slot Machine Game Maşınları” AsianDating Evaluation (2023) – The Very Best Or Overrated Asian Website “sprawdź Najszybciej Wypłacalne Kasyna Online W Polsce 2024 “”1win Uzbekistan ⬅️ Rasmiy Sayti Bukmekerlik Kompaniyasining Al Afrah Plastic-type Product Trading” 1win Официальный Сайт Букмекерской Конторы 2023 Онлайн Ставки в Спорт%2C Вход и Бк 1вин одним Find your perfect match with your comprehensive dating reviews Find love and friendship with an asian american dating app “Wagering & Online Online Casino Site Login Enjoy the many benefits of the meet asian singles app – test it today Los 10 Mejores Internet Casinos Online Para Argentinos 2024 Nouveaux Casinos Sur Internet 2024 Comparatif Des Top 7 Casinos En France Hướng dẫn chơi slot game tại casino HappyLuke HappyLuke Casino Trực Tuyến Get prepared to have the full time of one’s life dec (5827) Opening the Mysteries of Tarot Card Reading absolutely free The Ultimate Overview to Comprehending All Tarot Cards The Fascinating Globe of Tarot Cards Choose a Tarot Card Card: A Comprehensive Guide The golden state Psychics: A Comprehensive Guide The Power of Online Tarot Free Readings Unlocking the Mysteries of Free Psychic Tarot Card Reading The Ultimate Overview to Online Tarot Readings Vedic Numerology Calculator: Exploring the Ancient Scientific Research of Numbers The Ultimate Overview to Online Tarot Card Readings Numerology Number Calculator: Opening the Tricks of Your Life Course The Art of Tarot Cards Online The Fascinating World of Tarot Cards Online Free The Remarkable Globe of Tarot Card Reading Cards Numerology Calculator by Day of Birth: Taking Advantage Of the Power of Numbers Discover Numerology Name by Day of Birth

Investment

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.