Markets enter the new quarter focused on earnings season, labor trends following June data, and a shortened trading week due to the Independence Day holiday.
📊 Economic Data:
Tuesday, July 1 – JOLTS Job Openings (10 am ET)
→ Measures the number of open jobs and reflects labor demand.
Why it matters: A tight labor market can lead to wage inflation, which affects consumer spending and Fed interest rate decisions.
Wednesday, July 2 – ADP Employment Report (8:15 am ET)
→ A monthly estimate of private-sector job growth.
Why it matters: Often signals the strength or weakness of upcoming government jobs data and helps gauge economic momentum.
Thursday, July 3 – June Nonfarm Payrolls & Unemployment Rate (8:30 am ET)
→ The official monthly U.S. jobs report from the Labor Department.
Why it matters: This is one of the most influential economic indicators. A strong or weak number can move markets and shift expectations for Fed policy.
Thursday–Friday – U.S. Markets Closed/Early Close for July 4 holiday 🇺🇸
💰 Earnings Highlights:
Tuesday–Wednesday: Light week, but a few names to watch:
• Constellation Brands reports earnings
• Tesla, NIO and other EV makers release June delivery numbers
Why it matters: While this is a quiet earnings week, early results — especially from consumer brands and EV leaders — can set the tone for the upcoming Q2 reporting season. Guidance and delivery figures offer insight into post-inflation consumer behavior and global demand.
Note: Q2 earnings season officially kicks off next week with major banks.
🌍 Other Things to Watch:
• Potential headlines around trade tariffs (set to expire July 9)
• U.S. fiscal policy updates ahead of Congressional recess
• S&P 500 near record highs; investor focus shifting to jobs + guidance
Why it matters: Geopolitical or fiscal shifts can trigger volatility or investor risk repricing. As markets sit near all-time highs, any disruption — even small — can spark outsized reactions.
