"Even if the jobs number is good, we still think the Fed can use Brexit as an excuse to not raise rates. "I would have to think that the bias will continue to be on the positive side for the market. But since those questions will likely take years to answer, many US investors are focusing on what they see as an immediate, virtual certainty - that the Federal Reserve will not raise interest rates anytime soon. But another weak report could damage sentiment if it is interpreted as a sign that the US economy is on shaky ground. "Investors will also begin to focus on US corporate profits.

Source: Economic Times July 02, 2016 15:45 UTC