The Market Brief
Hey team. U.S. stock futures were little changed early Wednesday, after the S&P 500 notched a second straight day of gains.
Let’s see what’s ahead for this market!
Impact Snapshot
🟥 ADP Payrolls - 8:15am
🟥 ISM Services - 10:00am
Macro Viewpoint
US stock futures are holding onto two days of gains as investors await further data on the labor market, which has so far held up better than expected amid the Trump administration’s trade war.
Tech stocks had already started rebounding ahead of the China–US détente, supported by improving macro signals and de-escalation hopes.
In the near term, US equities may continue to outperform Europe, although renewed uncertainty may disproportionately weigh on US corporates.
Investors will follow services data and ADP’s report on private-sector employment later Wednesday for updated information on the strength of the US economy, ahead of Friday’s nonfarm payrolls report.
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