Despite the recent gains, the S&P 500 is still 19% down from its all-time high in January.
“Bottoming is a process, so we’re working our way through that process,” said Jeff Buchbinder, equity strategist at LPL Financial. “We think, if the lows aren’t in, they’re close.”
Economists surveyed by Dow Jones expect a gain of 250,000 jobs for June, which would be a slowdown from the 390,000 added in May.
