Profit Taking May Contribute To Initial Weakness On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 03 July 2024 09:12:15 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday?s gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. The S&P 500 closed above 5,500 for the first time ever. Concerns about the outlook for the economy may also weigh on the markets after payroll processor ADP released a report showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase by 160,000 jobs compared to the addition of 152,000 jobs originally reported for the previous month. ?Job growth has been solid, but not broad-based,? said ADP chief economist Ne... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase by 160,000 jobs compared to the addition of 152,000 jobs originally reported for the previous month. ?Job growth has been solid, but not broad-based,? said ADP chief economist Nela Richardson. ?Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.? With the more closely watched monthly jobs report looming, the Labor Departmen... [Read More]( --------------------------------------------------------------- Europe European stocks have advanced on Wednesday as traders react to dovish comments from Federal Reserve Chair Jerome Powell and look ahead to key elections in France and the U.K. On Tuesday, Powell acknowledged progress in disinflation but added that officials need more confidence before cutting interest rates. Over 200 candidates have withdrawn from France's runoff election to block the far right, as Macron and a left wing coalition unite. Marine Le Pen said that the National Rally woul... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks rose broadly on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectations that the Fed will cut interest rates this year. Japanese markets led regional gains as the yen stayed near 38-year lows. The dollar's retreat helped gold and oil prices push higher but the upside was capped ahead of the release of the U.S. jobs report and upcoming elections in France and the U.K. China's Shanghai Composite Index dipped 0.5 percent to 2,982.38 after a... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.16 to $82.97 a barrel after falling $0.57 to $82.81 a barrel on Tuesday. Meanwhile, an ou... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49