Most Wall Street economists think investors can take the summer off, with no Federal Reserve rate cut on the horizon. But some economists still say there is a chance the central bank will lower its policy rate at its July meeting.
Stock-market investors are looking ahead to the U.S. employment report, watching for jobs growth that is neither so strong as to rekindle hot inflation fears nor so slow as to stir recession worries.
The New York Stock Exchange on Monday morning said it resolved a technical problem that resulted in the halt of trading in stocks of several high-profile companies, including Class A shares of Warren Buffett’s Berkshire Hathaway Inc.