Markets Waver as Jobs Data and Trade Talks Take Center Stage
U.S. stock futures were on shaky ground Wednesday morning as investors digested a surprising drop in private-sector employment and braced for potential turbulence from looming trade deadlines. The Dow Jones Industrial Average hovered near the flatline, while S&P 500 futures dipped 0.1% and Nasdaq 100 contracts slid 0.3%. The latest ADP report revealed that private employers cut 33,000 jobs in June , marking the first monthly decline in over two years and falling far short of economists’ expectations for a 98,000-job gain. This unexpected contraction has intensified speculation that the Federal Reserve may consider interest rate cuts sooner than anticipated. Meanwhile, attention is turning to President Trump’s trade negotiations , with a July 9 deadline fast approaching for the resumption of steep “reciprocal” tariffs. Markets are watching closely to see if deals can be struck with key partners like the EU and Japan , as failure to do so could stoke infl...
Comments
Post a Comment