Opening Bell - 06 / 07 / 2026
About this episode
The episode discusses the impact of soft US jobs data on market performance and expectations for the upcoming quarterly earnings season.
Opening Bell - Morning Commentary Soft Jobs Data Fuels Markets Rally Ahead of Quarterly Earnings Season US markets ended the week of July 3 with gains after a softer-than-expected US jobs print and cooler rate-hike expectations, led by cyclical and communication services while defensives underperformed. The S&P 500 and Nasdaq climbed last week as investors priced in a slower Fed rate-hiking path after US jobs data, with stocks set for their best weekly performance since May. Markets are recalibrating rate expectations after Fed funds futures indicated roughly even odds of a rate hike by September, though June's weaker-than-expected jobs report tempered immediate fears. S&P 500 companies are collectively expected to report Q2 earnings growth of over 24%, with earnings season kicking off this week as a key catalyst for equities. Indian equities ended the week of 3 July on a constructive note, with the Nifty 50 and Sensex both closing higher and benchmarks supported by softer crude, improved global cues, and a rebound in IT. A key tailwind was the decline in crude oil prices, which eased inflation and import bill concerns for India. The other major support came from…
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