Dow Jones futures were lower Tuesday with the stock market closed for the July 4 holiday. The major stock indexes finished Monday right at their 2023 highs, as Tesla stock surged to new highs on record Q2 deliveries. Meanwhile, a pivotal June jobs report looms on Friday.
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On Monday, the Dow Jones Industrial Average inched higher, while the S&P 500 gained 0.1%. The tech-heavy Nasdaq composite rose 0.2%.
On the economic front this week, the Labor Department’s jobs report on Friday takes the spotlight. Economists are forecasting a gain of around 200,000 jobs and a dip in the jobless rate to 3.6%.
Ahead of that pivotal jobs report, minutes from the Fed’s June 13-14 meeting are due out Wednesday at 2 p.m. They could shed light on why policymaker projections penciled in two more rate hikes.
Thursday will bring a heavy dose of data. Payroll processor ADP issues its estimate of…
