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Wall St higher after upbeat ADP jobs report

Published 06/01/2017, 11:02 AM
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Investing.com - U.S. stocks edged higher Thursday after an upbeat report on job creation in the private sector.
The DJI was up 0.12% at 10:30 ET.
The S&P 500 added 0.14%. The tech-heavy Nasdaq composite was up 0.11%.
ADP reported the U.S. economy added 253,000 jobs in May against a forecast rise of 185,000.
Attention now turns to the official nonfarm payrolls report due out Friday.
Initial jobless claims rose more than expected in the latest week.
The ISM manufacturing PMI unexpectedly picked up in May.
The dollar index was firm above 97 after the data release.
The current odds of a 25 basis point hike in June currently stand at close to 85%.
Oil was mixed ahead of EIA inventories report.

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