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A gauge of U.S. service industries dropped to its weakest level in almost 2 years, led by a cooling in employment that may temper labor market optimism.

ADP reported private payrolls rose only 102,000 in June, missing expectations. Weakness in the labor market could support a Fed rate cut later this month.

The 4th of July holiday week is typically marked by low trading volume, as markets close and traders take time off. 

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The AlitudeGroup

Matt Thomas

REALTOR® | MCNE

303-269-1617

Matt@AltitudeRealEstateGroup.com

——————————-

Chad Schneider

REALTOR® | CNE

720-767-2423 (CHAD)

Chad@AltitudeRealEstateGroup.com