Futures set for a flat open as ADP report has little impact


The stock market is on track to begin today's session on a flat note after posting two consecutive gains to start the week; S&P flat, Dow and Nasdaq +0.1%.

Data on private-sector employment, which saw March job gains come in slightly below expectations but February's advance revised sharply higher, had little effect on futures.

Core European indices trade little changed; most Asian markets rallied with action piggybacking yesterday's gains on Wall Street, as Japan's Nikkei jumped 1% to a three-week high and China's Shanghai Composite added 0.6%.

Treasurys slipped to morning lows following the ADP jobs data, pushing the benchmark 10-year yield up 3 bps to ~2.79% and on track for a fourth straight day of gains.

Still ahead: factory orders, EIA petroleum inventories.

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