June’s jobs report is a big event for markets in the week ahead. Economists expect nearly 700,000 jobs were added and that the report will show a jump in wage growth. Investors are watching to see if the labor market is improving as expected and whether rising wages are becoming inflationary.
The coming week marks the end of the second quarter and the start of the second half of 2021, a period where stock market gains could be slower. But strategists still expect the trajectory to be up, though some see the potential for a correction along the way.
A surprise drop in Treasury yields helped tech and growth stocks to perform better than expected in the quarter and that could continue into the third quarter, strategists say. OPEC also meets in the coming week, and it is expected to continue returning oil to the market.
