This morning's jobs data badly missed expectations
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| | 6/05/2019 | |
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Stocks Set to Gain Again | By Josh Selway | | Futures on the Dow Jones Industrial Average (DJI) are trading above fair value, as stocks try to build off their best day in months on Tuesday. However, investors this morning were greeted by a bad miss in the ADP employment report, with just 27,000 private payrolls added in May, compared to 173,000 expected -- potentially adding to recent fears of an economic slowdown. Regardless, futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also above fair value. Continue reading for more on today's market, including: | >> Continue reading... | |
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