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.
Thursday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: CMRE, DAC, ZN, EPE
Thursday Sector Leaders: Food, Beverages & Wineries
Related symbols: HSY, K, BREW, FIZZ
Wednesday Sector Laggards: Biotechnology, Waste Management Stocks
Related symbols: GALE, TBRA, PESI, HCCI
Thursday's ETF with Unusual Volume: ARGT
Related symbols: ARGT, PAAS, SSRI, IRS
Thursday's ETF Movers: XME, XOP
Related symbols: SCHN, WOR, CRC, SN, XOP, XME
HEDJ, FDT: Big ETF Outflows
Related symbols: HEDJ, FDT
Daily Dividend Report: DRI, ERS, DIS, FUL
Related symbols: DRI, ERS, DIS, FUL
Daily Dividend Report: GIS, WOR, MKC, NYT, WERN
Related symbols: GIS, WOR, MKC, NYT, WERN
Daily Dividend Report: MA, BA, NRZ, BKU, CLC, NYRT
Related symbols: MA, BA, NRZ, BKU, CLC, NYRT
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
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
All videos » |
Stock market definitions »
ADP Says Private Sector Added 110,000 Jobs in October
| Market News Video | Copyright © 2008 - 2016, 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.