Posted 3/31/2024, 12:18:17 PM
Jobs Report in Focus as Economy Shows Momentum; Disney Vote, Data Reads Also Eyed
- March jobs report on Friday will indicate if economy and markets can sustain momentum from a strong first quarter
- Fed Chair Powell says job market and economy are currently strong, meaning less urgency to cut rates
- Disney shareholder vote on Wednesday will determine if activist Nelson Peltz wins board seats he is seeking
- Signs of investor euphoria suggest stocks rally may be due for a "digestion" period soon
- Aside from jobs data, economic calendar includes reads on manufacturing, services sector, and a key inflation gauge