Stocks ended yesterday on a lower note, but nevertheless, the markets posted their best quarter in a decade. The S&P 500 gained more than 15%, marking its best quarter since 1998. Today, the futures market indicates a slightly higher start to the new quarter.
On the economic front, employment dropped in the private sector, according to the ADP National Employment Report. The consensus for that number called for a decrease of 394,000 positions, but the actual number showed 473,000 were dropped. The data for May, however, was revised to show a decline of only 485,000 jobs, versus the original 532,000.
Still to come are the ISM Manufacturing Index, the Construction Spending Report for May, the Pending Home Sales for May, and June auto and truck sales.
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