ADP Says Private Sector Added 110,000 Jobs in October Wednesday, November 2, 12:48 PM ET
Payroll processor Automatic Data Processing (NASDAQ: ADP) said today that private sector employment rose by 110,000 jobs in October.
September's measure was revised upward to 116,000 jobs, from an initial reading of 91,000.
Small and medium businesses contributed to the jobs gains in October, while employment at large companies declined.
The services sector added jobs, while the manufacturing sector shed positions.
The dollar is trading down following the ADP news and ahead of a U.S. Federal Reserve meeting on interest rate policy today. The results of the meeting are expected to be announced in the afternoon.
The U.S. Dollar Bullish Fund (AMEX:
DBO) is trading up 2.1%, while the Euro Trust (AMEX: FXE) trades up over .7%.
Gold is trading up following the data. The iShares Gold Trust (AMEX:
IAU) is trading up over 1.2%, while the SPDR Gold Shares (AMEX: GLD) trades up over 1.1%.
The Gold Miners ETF (AMEX:
GDX) is trading up two and three quarters percent.
The general markets are edging higher, with the SPDR S&P 500 (AMEX:
SPY) trading up about 1.3% today.
The U.S. government's employment report for October is due out on Friday.
For MarketNewsVideo.com, I'm Kristin Bianco.
Friday Sector Leaders: Music & Electronics Stores, Information Technology Services
Related symbols: RSH, CONN, RALY, SPLK
Friday Sector Laggards: Shipping, Department Stores
Related symbols: FRO, NM, FRED, BIG
Thursday Sector Leaders: Music & Electronics Stores, Rental, Leasing, & Royalty Stocks
Related symbols: RSH, BBY, ECT, SJT
Friday's ETF with Unusual Volume: IXN
Related symbols: IXN, AAPL, INTC, AVGO, PAYX
Friday's ETF Movers: XBI, PIZ
Related symbols: UTHR, ARWR, IHG, GRF, PIZ, XBI
EWJ, UGE: Big ETF Outflows
Related symbols: EWJ, UGE, ATVI, MO
Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Related symbols: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Daily Dividend Report: TD, HUM, ROC, WR, CBL, PPS, OFG
Related symbols: TD, HUM, ROC, WR, CBL, PPS, OFG
Daily Dividend Report: BBY, SLH, CSCO, DE, BDC, GEF
Related symbols: BBY, SLH, CSCO, DE, BDC, GEF
Weekly Market Wrap: August 29, 2014
Related symbols: RSH, AAPL, BAC, TWTR, HUM, BBY, CSCO, LOW, PPL, SYY
Weekly Market Wrap: August 22, 2014
Related symbols: BAC, AAPL, CRM, NOC, JWN, JOY, CTL, WHR, GPS
Weekly Market Wrap: August 15, 2014
Related symbols: JCP, BAC, SIRI, AAPL, MMM, NKE, EFX, UNH, PRU
Week Ahead Market Report: August 25, 2014
Related symbols: BAC, ITMN, AAPL, JCP, TIF, GCO, BIG, BBY
Week Ahead Market Report: August 18, 2014
Related symbols: AMD, DG, AAPL, DKS, HD, AEO, HP, GPS, DLTR, FL
Week Ahead Market Report: August 11, 2014
Related symbols: KMI, AAPL, BAC, FST, URS, CSCO, AAP, JCP, EL
All videos » |
Stock market definitions »
ADP Says Private Sector Added 110,000 Jobs in October
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.