{"id":65209,"date":"2026-07-22T09:12:07","date_gmt":"2026-07-22T13:12:07","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/econcalpmi-data-and-labor-trends-drive-market-sentiment\/65209\/"},"modified":"2026-07-22T09:12:07","modified_gmt":"2026-07-22T13:12:07","slug":"econcalpmi-data-and-labor-trends-drive-market-sentiment","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/econcalpmi-data-and-labor-trends-drive-market-sentiment\/65209\/","title":{"rendered":"[EconCal]PMI Data and Labor Trends Drive Market Sentiment"},"content":{"rendered":"<p>High-impact S&amp;P Global Manufacturing and Services PMI data drops <strong>Friday<\/strong> at 9:45 am, providing critical growth signals amid recession fears. <strong>Thursday<\/strong> features Initial Jobless Claims at 8:30 am, followed by Durable Goods on <strong>Monday<\/strong> at 8:30 am. <strong>Tuesday<\/strong> brings ADP employment averages at 8:15 am and Consumer Confidence at 10:00 am. With markets sensitive to Fed tightening, these prints will dictate volatility. Traders should watch for PMI misses which could bolster hopes for upcoming rate cuts.<\/p>\n<p>Monitor <strong>Friday<\/strong>&#39;s PMI data closely; a significant deviation from expectations will likely trigger sharp moves in $SPY and $QQQ. Use <strong>Thursday<\/strong>\u2019s jobless claims to gauge labor market cooling. If Consumer Confidence on <strong>Tuesday<\/strong> remains resilient, expect the Fed to maintain a hawkish tone, potentially capping recent equity rallies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High-impact S&amp;P Global Manufacturing and Services PMI data drops Friday at 9:45 am, providing critical growth signals amid recession fears. 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