Five Things You Need to Know to Start Your Day

A big day for data, infrastructure plan moves closer, and more monetary talk.

Weekly initial jobless claims are expected to move back below 400,000 after last week’s surprise pop higher. This morning’s number may also show the impact of the gradual withdrawal of enhanced unemployment benefits from June 12 in some states. The data lands at 8:30 a.m. Eastern Time. At the other end of the workday, the Federal Reserve will release its latest stress test results when markets close, with the big six banks expected to pass — paving the way for increased dividends and share buybacks.