NEW YORK: Panic selling on fears of an early exit of the US Federal Reserve’s stimulus efforts may be over, but the stock market may still face wild intraday swings as investors scramble to position themselves for Friday’s payrolls report.
Trading volume is likely to be thin, with a half-day session on Wednesday and markets closed for the Independence Day holiday on Thursday. Both the Labour Department’s weekly jobless claims and employment report for June will be released at 8:30am (1230 GMT).
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