Reported 12 months ago
Amid signs of a slowing US economy, the momentum of the S&P 500 stock index has stalled, making July crucial for the stock market as upcoming events like the June jobs report, inflation data, and Federal Reserve (Fed) decisions will impact the future market. After reaching a record high on June 18 at 5,487 points, the S&P 500 has dropped 0.5% to 5,460 points, reflecting investors eager to take profits. Data showing economic slowing, including personal spending and unemployment insurance claims, have weighed on market optimism, with expectations Fed may cut rates later this year. Key July events include the employment report on July 5, the June consumer price index (CPI) on July 11, and the Fed's interest rate decision meeting on July 30-31.
Source: YAHOO