Index futures, the overnight tape, and the calendar that matters today.
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This is the CAMS Morning Market Brief for Tuesday, August fourth.
Futures are green across the board. Dow futures lead, up about one point two percent, with Nasdaq futures close behind at one point one. S&P futures are up roughly a third of a percent, and small cap futures about half a percent. That points to a firm open stacked on top of an already strong Monday.
Yesterday was broad. The S&P closed up about one and four tenths percent, the Nasdaq one and eight tenths, the Dow one and three tenths, and the Russell two thousand one and seven tenths. Small caps keeping pace with big tech is the part worth noticing.
Sector breadth backed it up. Eight of eleven sectors finished higher. Communications led, up nearly three percent. Industrials and consumer discretionary each added more than one and a half. Energy was the outlier, down about one and three tenths, with health care and staples a touch lower.
Volatility stayed calm. The VIX sits near fifteen and a half, off about one percent, toward the quiet end of where it has traded lately.
Now the calendar. JOLTS job openings land at ten this morning. Tomorrow brings ADP payrolls and ISM services. Thursday has weekly jobless claims. Friday at eight thirty is nonfarm payrolls with average hourly earnings. Everything this week runs through the labor market, and this morning is the first read.
CAMS publishes impersonal market research — nothing here is individualized investment advice. The full written research is at curve ahead market strategies dot com.
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