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 Laggards: Trucking, Cigarettes & Tobacco Stocks
Related symbols: SWFT, KNX, XXII, AOI
Friday Sector Leaders: Education & Training Services, Music & Electronics Stores
Related symbols: ESI, CECO, HGG, GME
Thursday Sector Laggards: Oil & Gas Exploration & Production, Railroads
Related symbols: HERO, ECR, CP, GSH
Friday's ETF with Unusual Volume: RYT
Related symbols: RYT, AAPL, INTC, ALTR, WDC
Friday's ETF Movers: PIN, ILF
Related symbols: TCS, VEDL, SID, CIG, ILF, PIN
JNK, FTSM: Big ETF Outflows
Related symbols: JNK, FTSM, FTSL, USD
Daily Dividend Report: LOW, CSCO, BLK, RTN, HOT, IRM, BIG
Related symbols: LOW, CSCO, BLK, RTN, HOT, IRM, BIG
Daily Dividend Report: HPQ, TIF, MCK, DG, BDC, DRH
Related symbols: HPQ, TIF, MCK, DG, BDC, DRH
Daily Dividend Report: MRK, DE, ESS, STR, DSW, MOV
Related symbols: MRK, DE, ESS, STR, DSW, MOV
Weekly Market Wrap: May 29, 2015
Related symbols: AAPL, BAC, PFE, INTC
Weekly Market Wrap: May 22, 2015
Related symbols: BAC, AAPL, ONTY, HPQ
Weekly Market Wrap: May 15, 2015
Related symbols: AAPL, BAC, AMAT
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, NOK
All videos » |
Stock market definitions »
ADP Says Private Sector Added 110,000 Jobs in October
| Market News Video | Copyright © 2008 - 2015, 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.