Stocks started a historically strong month on a positive note as investors looked ahead to several key events scheduled for the holiday-shortened week. As a reminder, the stock and bond markets will close early Wednesday and stay shuttered Thursday for the Fourth of July holiday.
Even with markets closed this week for a day and a half, there's a full economic calendar for folks to sift through. Today's data included the Institute for Supply Management's Manufacturing Purchasing Managers Index (PMI), which fell to 48.5% in June from May's 48.7% reading. Readings below 50% indicate contraction and this is the 19th month out of 20 that the index has arrived below 50.
