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Traders will focus on job opening and turnover data Tuesday for what it might tell the Fed about the labor market ahead of its meeting next week.
Stocks were sluggish Monday, as traders watched headlines on Greece and market talk continued to focus on speculation about the Fed. Friday's better-than-expected 280,000 nonfarm payrolls boosted market expectations that the Fed could now raise rates as soon as September.
JOLTs or the Job Openings and Labor Turnover survey is closely watched by Fed Chair Janet Yellen, and it could be all the more interesting if it shows more progress in the labor market on top of last week's strong jobs data. The 10 a.m. report is for April, and it provides color on the job market that does not show up in nonfarm payrolls. The highlights include the quits rate, hiring rate and job openings.