The stock market posted modest gains on Friday to start the second half of this year. However, the Dow was down 1.3% last week, the S&P 500 fell 2.2%, and the Nasdaq Composite dropped 4.1%. Investors are now waiting for the June jobs report this Friday.
On the other hand, JPMorgan Chase & Co. (JPM) has predicted that investors might enjoy higher returns in the second half as inflation rates lower and the U.S. economy avoids a recession.
