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Evening Market Recap - Wednesday, 3-Jul
Manage episode 427016455 series 2964054
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US equities were mostly higher in Wednesday trading, with the Dow Jones ending down 6bps, while the S&P500 and Nasdaq closed up 51bps and 88bps respectively. The S&P and Nasdaq both posted fresh record closes. June ISM services re-entered contractionary territory, and the final S&P services PMI for June was also lower. ADP private payrolls were a bit below consensus, with wage growth job stayers slowest since August of 2021. Initial jobless claims were a bit above expectations, and continuing claims also higher than expected. FOMC minutes out this afternoon noted participants continued to look for ‘greater confidence’ in disinflation trajectory.
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