US Stock Rally Could Cool As Focus Shifts To Q2 GDP, Private Jobs Data: Why This Analyst Says September Won’t See Late-Summer’s Weakness

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Trading in the futures market suggests a pause in the rally as stocks come into Wednesday’s session with a three-session winning streak intact. The tech space could come under selling pressure from earnings-related sell-offs from companies such as HP, Inc. (NYSE:HPQ). The spotlight continues to shine on Main Street readings, with the focus shifting to the results of ADP’s private payrolls report and the preliminary second-quarter GDP data. Cues From Tuesday’s Trading: Bad news on the economy was digested as good news by the market on Tuesday, as traders bid up stocks on hopes of a rate pause. …

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