- July 2, 2021
- Posted by: Stratford Team
- Category: Business
Hodges Capital Management founder Craig Hodges reflects on the 2021 markets thus far and looks ahead to the second half of the year.
U.S. stock futures ticked higher Friday as investors digested the June jobs report.
Dow Jones Industrial Average futures were higher by 86 points, or 0.24%, while S&P 500 futures and Nasdaq 100 futures rose 0.4% and 0.21%, respectively. The early gains come a day after the S&P 500 finished at all-time highs.
Nonfarm payrolls increased by 850,000 workers in June as the unemployment rate ticked up to 5.9%, the Labor Department said Friday. Analysts surveyed by Refintiv were expecting the addition of 700,000 and the unemployment rate to fall to 5.7%.
TOP SENATORS WORRY INVESTMENT GIANTS PUTTING CLIMATE, SOCIAL CONCERNS BEFORE RETIREES
The yield on the 10-year bond note held steady at around 1.44% near its lowest level since early March.
In stocks, interest-rate-sensitive financial firms, including Bank of America…