ADP reported that private sector jobs fell 491,000 in April, much less than the estimate of a loss of 645,000 jobs, and much better than the March figure which was upwardly revised from -742,000 to -708,000. The ADP report is the first read on employment conditions this week, which will be followed by the labor report on Friday. Details from Bloomberg...
The Dow Jones Industrial Average rose 1.2%, the S&P 500 Index gained 1.7%, while the Nasdaq Composite advanced 0.3%. Crude oil was $2.50 higher at $56.34 per barrel, while gold rose $14.10 to $911.25 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
