Shutterstock.comFollowing Monday’s flight to new highs as trade tensions eased, the markets face a holiday-shortened week highlighted by Friday’s jobs report. The rally lost its breath a bit midday, but stocks rebounded from session lows and finished with a flourish. Technology and Financial sectors started the new week in the lead, just as they’d left off last week. If the market as a whole was on a victory lap Monday, then semiconductor stocks were in the pole position, recording a 2.6% gain. Soft Data Could Help Reinforce Rate Cut HopesGetting back to Monday’s ISM data, it was the third-straight month of decelerating activity, Briefing.com pointed out.

Source: Forbes July 02, 2019 13:41 UTC