Homepage / Investment / What to watch in markets this week: Tech stocks, the jobs report and more
Kiçik təyyarə oyunu 1xBet 1xbet Aviator gam The way to select a Data Bedroom Service Bewertungen zu Vulkanvegas Lesen Sie Kundenbewertungen zu vulkanvegas com 3 von 5 小柳商事株式会 Mostbet Türkiye mobil uygulamasını indi Participate in A European Romance Website & Meet The Match What to anticipate in VDR Providers paribahis 717 Best Country To get yourself a Wife: Asia, Europe & Latin America Technology and Asylum Procedures Business Process and Digitalization How to begin Your Blog With no Investment Software For Modern Business Setting Up the Electronic Data Areas Greatest On-line Relationship Websites & Apps: Comparison Legal Support and Advice Intended for Small Businesses The very best Virtual VDR Providers 9 Tips for Working With Teams in Different Timezones Australian Brides Deliver Order Birdes-to-be From Quotes Korean Brides -mail Order Brides From Southern Korea Choosing a Data Place Antivirus Solutions — What to Look For within a Good Anti-virus Solution Best Alternatives of VPN Software New Step by Step Roadmap for Marijuana News Mail-order Bride Wikipedia Relationship With A Russian Mail Order Bride: Can It Develop Suitable Family? Steve Munger: These Primary Guidelines Made Me Effective In Life With Warren Buffett, Thought about All Three Guide To Choosing The Right Mailbox Order Star of the event Web Site In 2023 Few Wins $3 Million In Pennsylvania Lotto Scratcher, Strategies Trip Privately owned Internet Access Avast Review Powerful Deal Achievement Top Rated Free VPN Services Adaware Review – Is Adaware Review Right For You? Large 15 Best Countries To find a Spouse In 2023 Online dating services Reviews Ideal Legit Snail mail Order Bride-to-be Sites To Decide On In 2023 & Feedback Thailänder Brides Pleasant Thai Mailbox Order Wedding brides To Marry Thailänder Brides Get A Thailand Deliver Order Bride The principal Expenses Ukrainian Mail Order Spouse Cost Includes The Nations Just where Girls Have One Of The Best Lives, In Chart Partner Of Ukraines Spy Fundamental Was Poisoned, Officers Say The Model Ny Occasions New Restaurants And Pop-ups To Try In L A This 12 Los Angeles Situations Ways to Discover United states Marriage Details Romancescout: Your Information To On-line Relationship Evaluations, Recommendations Tes Ship Order Bride-to-be Discover A Overseas Spouse Across the internet Free With Jetbride Com Powerful Interracial Marriages Exquisite Interracial Lovers Exactly what the Best Online dating Websites? Very best Dating Web page Reviews – Find Your web Soul Mate Ways to Create Online dating sites Profiles Long Relationship Suggestions Long Relationship Suggestions How to begin a Successful Wife Search Getting married to a Russian Child The right way to Meet Delightful Ladies Around the World To recognize Know About Ukrainian Single Girls Dating The Different Types of Sugar Daddies The key benefits of Dating a Latina Top 5 International Dating Sites Russian Women Seeking Men Overseas Cookware Interracial Lovers and the Backlash Against All of them Getting the Marriage License and Wedding ceremony Done Correct How to pick the Best Web based Marriage Company Flirting Tips For Timid People Delightful Interracial Lovers Crucial Russian Females Dating Suggestions for Men Steps to create the Most of Dating An individual From Another Country Web based Top five Romantic Honeymoon Destinations Just what Soulmate? Web based Relationships Suggestions The Challenges of Dating An individual From A further Country Setting Expectations just for Online Sugar Daddy Arrangements Marital relationship License and Ceremony Why Are Latinas Heated? Getting Foreign Bride-to-be Tips on how to Propose — What’s the Best Way to Say “I Do”? Is usually Your Long Distance Marriage Moving Too quickly? Dating Etiquette — The Modern Rules of Seeing A Quick Guide to the Use of NLP in Chatbots Building Trust in Human relationships Les mariages interracials les plus réussis sont ceux basés sur l’amour & le respect Browsing through Cultural Differences in Asian Human relationships How you can Have a cheerful Marriage The right way to Fix a Relationship With out Hurting Your companion How to Spice Up a lengthy Distance Relationship The main advantages of Online Dating What is the Best Female Race to Marry? Western european Women Stereotypes Why Asian Girls Like Bright white Guys How to Succeed in On the web Relationships Top 5 Online Connections Tips Top 5 Online Connections Tips Leading Countries With Best Foreign Brides Powerful Interracial Relationships Asian Wedding Icon Meanings Where to Find a Deliver Order Star of the wedding Wedding ceremony Traditions in Ukraine For what reason Asian Girls Like Light Guys Asian Brides Via the internet Tips on how to Propose – What’s the simplest way to Say “I Do”?


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.