From TipRanks: 2024-06-30 13:37:30

The S&P 500, Dow Jones, Nasdaq-100, and Nasdaq Composite all ended the week slightly lower after snapping a three-week winning streak. Despite the turbulence, June ended with healthy gains for the benchmark indexes and marked a successful first half of the year.

Stocks slipped on Friday due to concerns over political uncertainty after the U.S. presidential debate and mixed economic data. While weaker-than-expected PCE inflation numbers initially caused a positive reaction, the Federal Reserve remains cautious about implementing an interest-rate reduction.

Upcoming economic events include June’s ISM Manufacturing and Services PMI reports, Nonfarm Payrolls and Unemployment Rate, and Average Hourly Earnings data on Friday, which will provide insights into the state of the U.S. economy and potential impacts on portfolios.



Read more at TipRanks: 4 Economic Events That Could Affect Your Portfolio This Week, July 1 – 5, 2024