![Schwab Market Update Audio show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/088/409/small/schwab-market-update-audio.png)
Summary: July 1, 2020 On the first day of Q3, U.S. stocks closed mostly higher, continuing where Q2 left off, extending the sharp bounce off of the March lows, courtesy of a plethora of upbeat global manufacturing reports, headlined by an unexpected jump in the ISM Manufacturing Index back into expansion territory.