As July trading begins, attention is focused on the upcoming jobs report, which is expected to show an addition of 115,000 jobs for June, released earlier than usual due to the Fourth of July holiday. Additionally, initial jobless claims are anticipated to be around 220,000, slightly up from the previous week's 215,000.
In the tech sector, several major companies have seen substantial gains over the past three months, with Advanced Micro Devices up 157% and Intel up 164%, despite recent declines in their stock prices.
Notably, Meta Platforms experienced a nearly 9% increase after announcing plans to expand into the cloud business by selling excess computing power, although its shares remain down 23% from their August 2025 peak. This mix of economic data and corporate developments will be crucial for investors as they navigate the market in the coming sessions