Extended weakness in the technology sector capped gains for the broader market. U.S. stocks ended Monday's abbreviated trade firmly higher, but off its best levels of the day, buoyed by gains in energy and bank stocks. Read the full story: Dow, S&P 500 kick off July trade in the green, but tech fizzles The New York Stock Exchange ended trading at 1 p.m. Eastern on Monday ahead of the Fourth of July holiday. Crude-oil prices CLQ7, -0.23% gained on the day, marking the longest win streak in more than seven years.
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Read the full story: Stock market rallies early to kick off July trade The U.S. stock market is slated to wrap at 1 p.m. Eastern and the bond market is slated to close an hour later in observance of the July 4 holiday. At 10 a.m. Eastern, an ISM manufacturing piece is due., with economists polled by MarketWatch expecting a reading of 55.5% for the key manufacturing gauge. In corporate news, facebook/" target="_blank">shares of Tesla Inc. TSLA, -2.49% were trading higher after CEO Elon Musk said production for its Model 3 electric car should start this Friday. The shortened holiday sessions is expected to result in lower-than-average trading volume, but the day won't be absent key economic reports.
It may be a holiday-shortened week in the stock market, but investors can expect plenty of fireworks to keep them on edge. "There's just too much demand and the other sectors don't have the futuristic talents that tech stocks enjoy," he said. Richard Hastings, macro strategist at Seaport Global Securities LLC, also believes the dramatic retreat in high-profile tech stocks will subside. Getty Images Things could get interesting in the stock market next week. Starting with manufacturing data and auto sales on Monday, it will be a busy week for economic news with implications for Wall Street.
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collected by :Jack Luxor
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Stock market opens in the green as Wall Street kicks of July 4th week
Read the full story: Stock market rallies early to kick off July trade The U.S. stock market is slated to wrap at 1 p.m. Eastern and the bond market is slated to close an hour later in observance of the July 4 holiday. At 10 a.m. Eastern, an ISM manufacturing piece is due., with economists polled by MarketWatch expecting a reading of 55.5% for the key manufacturing gauge. In corporate news, facebook/" target="_blank">shares of Tesla Inc. TSLA, -2.49% were trading higher after CEO Elon Musk said production for its Model 3 electric car should start this Friday. The shortened holiday sessions is expected to result in lower-than-average trading volume, but the day won't be absent key economic reports.
It may be a holiday-shortened week in the stock market, but investors can expect plenty of fireworks to keep them on edge. "There's just too much demand and the other sectors don't have the futuristic talents that tech stocks enjoy," he said. Richard Hastings, macro strategist at Seaport Global Securities LLC, also believes the dramatic retreat in high-profile tech stocks will subside. Getty Images Things could get interesting in the stock market next week. Starting with manufacturing data and auto sales on Monday, it will be a busy week for economic news with implications for Wall Street.
read more visit us Money
collected by :Jack Luxor
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