Stock Market Update

02-Jul-24 15:40 ET

STZ reporting earnings tomorrow; econ data out tomorrow

Dow +123.99 at 39293.51, Nasdaq +127.08 at 18006.38, S&P +26.16 at 5501.25

[BRIEFING.COM] The major indices are at session highs in front of the close. The S&P 500 trades above the 5,500 level.

There's a slate of economic data tomorrow, including:

7:00 ET: Weekly MBA Mortgage Index (prior 0.8%)
8:15 ET: June ADP Employment Change (Briefing.com consensus 163,000; prior 152,000)
8:30 ET: Weekly Initial Claims (Briefing.com consensus 235,000; prior 233,000), Continuing Claims (prior 1.839 mln), and May Trade Balance (Briefing.com consensus -$76.0 bln; prior -$74.6 bln)
9:45 ET: S&P Global U.S. Services PMI (prior 55.1)
10:00 ET: June ISM Non-Manufacturing Index (Briefing.com consensus 52.5%; prior 53.8%) and May Factory Orders (Briefing.com consensus 0.3%; prior 0.7%)
10:30 ET: Weekly crude oil inventories (prior +3.59 mln)
12:00 ET: Weekly natural gas inventories (prior +52 bcf)

Separately, Constellation Brands (STZ 257.34, +1.05, +0.4%) reports earnings in front of the open tomorrow.