NYSE Opens Mixed as Investors Await Jobs Data, Watch for New Risks
Tom Essaye warns a quiet tape could turn quickly on negative surprises
NYSE starts mixed as it awaits employment data
PROFIT-TAKING RISK LOOMS IF NEW MACRO HEADLINES HIT A SOFT MARKET
U.S. markets opened mixed Thursday, with investors awaiting fresh employment data and watching global headlines for any surprises.
A lack of response from China on a potential US-China leadership call and a downgraded economic outlook from the OECD added to the cautious tone.
According to Tom Essaye, founder of Sevens Report Research, markets may drift today—but that calm could change quickly.
“Today is likely to be a relatively quiet day… but if negative news emerges, there is a risk of profit-taking.”
— Tom Essaye, Sevens Report
Following May’s sharp rebound, traders appear hesitant to push further without new catalysts, leaving the market exposed to headline-driven pullbacks.
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