Outlook 07/03: Stock futures fall slightly before shortened session on weak economic data. Investors parsed stats released Wednesday morning showing softening in the labor market ahead of Friday’s all-important jobs report. ADP data showed less private payroll growth than expected in June, while weekly jobless claims numbers came in higher than economists forecast. Trading volume is likely to be light Wednesday with the NYSE closing early at 1 p.m. ET. U.S markets will be shut on Thursday for Independence Day. Minutes from the policy-setting Federal Open Market Committee’s June meeting will be posted an hour after Wednesday’s closing bell.
/ESU24 (SEP 2024): YVAH 5549 YPOC 5535 YVAL 5510 GAP 5565.25
/ES Plan: Yesterday market closed bullish, but overnight looks bearish, still moving above previous value, so these're the opening and initial balance options for today:
