Reported 4 months ago
Stocks concluded the month of May with a stumble as investors paused on AI enthusiasm and speculated about the Federal Reserve's interest rate trajectory. This week, focus is on the labor market updates, including the May jobs report release on Friday, job openings data, private wage growth updates, and service and manufacturing sector activity readings. The market also awaits earnings reports from companies like CrowdStrike, Lululemon, and Dollar Tree. May's inflation update showed a slight increase, impacting investor expectations of rate cuts. The article also mentions a potential lack of breadth in the market rally and highlights the importance of broadening participation for sustained market growth.
Source: YAHOO