Market preview: Stock futures tick higher after the ADP jobs report pleasantly surprises,...


Market preview: Stock futures tick higher after the ADP jobs report pleasantly surprises, although don't expect it to say much about what the non-farm data will be like on Friday. The S&P Benchmark is +0.1%. MetroPCS -0.5% following confirmation that it's merging with T-Mobile USA, while Best Buy is +3.4% on speculation that Richard Schulze and P-E firms are doing their due diligence. Later: ISM Non-Manufacturing Index
Comments (2)
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    Forget the month to month changes...look at year over year and these
    2 pieces of data follow each other remarkably well over time...
    3 Oct 2012, 09:18 AM Reply Like
  • jerrycalpha
    , contributor
    Comments (58) | Send Message
     
    Unlike the B(L)S report, the ADP is, well, Automatic. It's more like raw data without births / deaths coloration, and hence, somewhat more believable.
    3 Oct 2012, 09:32 AM Reply Like
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