Market Outlook – U.S. Employment Data – U.S. Indexes

มิถุนายน 5, 2020
by Joseph Jeffriess, Market Analyst

In today’s market outlook we have a preview of U.S. and Canadian employment data. Will figures maintain the run of better than expected that we have seen so far this week from US data, the ISM Non-Manufacturing PMI and ADP Non-Farm Employment? Change both came in better than expected and this led to feed stock bulls that a recovery from the pandemic continues to build.

We could see an acid test today as analysts expect that 8 million jobs have been lost and unemployment could hit 20% in the United States. Traders will be looking to see if the actual data exceeds or misses the forecast. Could better than expected data finally send the Nasdaq back to records prices after it came so very close earlier in the week?

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