Stocks ended the shortened trading week digesting a weaker-than-expected June jobs report, but the overall market tone stayed constructive, with major indexes still positioned to finish the week higher. The internal rotation within tech was notable: chipmakers led early, while software stocks began to see renewed buying interest as sentiment stabilized.
Investors may get a little relief from market volatility as the first of the second-quarter earnings reports trickle in next week. Earnings growth is the signal, and investors will be waiting for the forward guidance that comes from companies, particularly as it deals with artificial intelligence (AI) demand and the consumer.
