Friday's Recap
Weekly jobless claims fell to 191k, beating consensus and prior readings, highlighting labor market resilience that boosted equities.
Factory orders missed at 0.2% m/m versus 0.5% expected, pointing to softening manufacturing amid global trade headwinds.
Markets remained calm with S&P 500 closing at 6878.50, Nasdaq at 23505.14, and VIX at 15.82, reflecting low volatility.
Bond yields dipped slightly, 2-year at 3.54% and 10-year at 4.12%, while FX held steady with EUR/USD at 1.1647 and GBP/USD at 1.333.
Commodities saw muted moves, WTI oil at $58.95, gold at $4221.02, and bitcoin at $91430.44, with no extreme swings.
The Day Ahead
ADP employment change at 08:15, with previous at -13.5k, will gauge private sector hiring ahead of key labor reports.
JOLTs job openings at 10:00, expected at 7.2M versus prior 7.227M, offers insights into labor demand and Fed rate cut timing.
API weekly crude oil stocks at 16:30, previous -2.48M, may influence oil prices amid supply glut concerns. (cont...)
