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U.S. Jobs Report Kicks Off the Third Quarter: Week Ahead

Wall Street quietly enters the second quarter in the coming week with a public holiday on Tuesday, July 4, likely to suppress normal trading activity and volume.

Volume is expected to be low on Monday, June 3, with trading desks likely operating on a shoestring staff ahead of the Independence Day break. The New York Stock Exchange will close early at 1 p.m. ET and will be closed all of Tuesday. Operations will resume as normal on Wednesday, July 5.

With the July 4 holiday out of the way, activity on Wall Street should pick up in anticipation of the U.S. jobs report to be released on Friday, July 7.

The U.S. economy is expected to have added 176,500 jobs in June, according to economists surveyed by FactSet. Roughly 138,000 jobs were added to the U.S. economy in May. The unemployment rate is...