The S&P Hasn't Done This in Over 20 Years

Disappointing jobs data might mean more fodder for the Fed to cut rates

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OPENING VIEW     7/03/2019
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Dow Futures Rise as Payrolls Miss Sparks Rate-Cut Hopes By Lillian Currens Share On Dow futures are back above fair value this morning, with Wall Street hoping that disappointing private-sector payrolls data might be grounds for the Fed to potentially cut interest rates later this month. ADP reported payrolls growth of just 102,000, falling short of expectations for an increase of 135,000 -- and setting the stage for a possible miss when the Bureau of Labor Statistics reports June payrolls this Friday before the opening bell. It will be a shortened session for stocks today, with markets closing at 1 p.m. ET ahead of the Fourth of July Holiday.  Continue reading for more on today's market, including:  What the S&P's big first-half performance could mean for the rest of 2019, according to Schaeffer's Senior Quantitative Analyst Rocky White.  3 stocks analyst love right now.  Plus, Broadcom could buy Symantec, Canopy Growth's CEO gets fired, and Tesla announces record production and delivery data.  >> Continue reading...
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