Stocks: Investors take a step back

NEW YORK (CNNMoney)

The Dow Jones industrial average slipped less than 0.1%. The S&P 500 and the Nasdaq edged up a handful of points.

Investors are expected to remain cautious until Friday, when the Labor Department will release the June jobs report. Economists surveyed by CNNMoney predict the U.S. economy added 155,000 jobs and the unemployment rate fell to 7.5% last month.

Economic data has been in sharper focus recently as investors consider when the Federal Reserve may start pulling back on its bond purchases.

Last month, Fed chairman Ben Bernanke announced that as long as the economic recovery continues in line with the central bank's outlook, the Fed could begin pulling back later this year.

The Census Bureau is slated to release data on factory orders at 10 a.m. ET, while the major U.S. automakers are set to release monthly sales figures throughout the day.

U.S. stocks finished with gains Monday, following reports on manufacturing and construction spending that were consistent with a gradually improving economy, but not strong enough to raise concerns about the Federal Reserve reducing its stimulus policies.

Related: Fear & Greed Index driven by fear

What's moving: Zynga (ZNGA) shares rose 10% after the online gaming company announced that CEO Mark Pincus is stepping down. Don Mattrick, the former head of Microsoft's (MSFT, Fortune 500) Xbox and gaming division, was named as Zynga's new chief.

Nielsen Holdings (NLSN) shares edged higher following news that the company will join the S&P 500 next week, replacing Sprint Nextel (S, Fortune 500).

Disney (DIS, Fortune 500) extended chairman and CEO Bob Iger's tenure through June 2016. Iger had previously been scheduled to leave his post in April 2015.

World markets: European stocks were lower in afternoon trading, pulling back from broad-based gains Monday.

Asian markets ended mixed. In China, the Shanghai Composite added 0.6%. But traders in Hong Kong came back from a Monday holiday in a bearish mood, pushing the benchmark Hang Seng down by 0.7%.

Tokyo's Nikkei gained 1.8%. The index has surged by more than 9% since Thursday morning, bouncing back from bear market territory. It's been helped over the past few days as the yen weakened against the dollar.

First Published: July 2, 2013: 9:49 AM ET

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