After Five Winning Quarters In A Row, Q3 Starts Off With A Wobble As Jobs Report Awaited

After Five Winning Quarters In A Row, Q3 Starts Off With A Wobble As Jobs Report Awaited

The second half is starting right where the first half finished, with slow, plodding upward movement. We're off to a new quarter and we'll see if we can make it six in a row after five straight quarters of gains. Stocks wobbled in overnight trading despite some strength in European markets, and this might be the way things stay a lot of the day. It's possible we could be in for a slow, lackluster session amid pre-Covid level volatility as people gear up for tomorrow's jobs report. Analysts expect around 680, 000 jobs were created in June. More on that below. Overnight, there was some disappointing data from China as factory activity slowed in June and now is at a level where it's barely expanding. Despite that, crude prices jumped to nearly three-year highs above $75 a barrel this morning ahead of a possible OPEC+ decision on output. U. S. crude stocks dropped sharply last week, according to the government, highlighting how much demand there is as the economy re-opens. OPEC+ basically means OPEC plus Russia, by the way. We should hear a decision from OPEC+ soon, and Reuters reported this morning that the organization could lift production by 2