A Strong Labor Market Is Not What Pivot People Crave.
From Yahoo Finance, January 5:
U.S. stock futures fell in the early trade Thursday, turning lower after the ADP National Employment report showed private payrolls surging much more than expected in December.
Futures tied to the S&P 500 (^GSPC) plopped 0.5%, while futures on the Dow Jones Industrial Average (^DJI) fell by around the same amount. Contracts on the technology-heavy Nasdaq Composite (^IXIC) fell 0.6%.
The moves came as investors digested a bevy of labor market data and watched for Fedspeak from central bankers. The ADP report showed private employment increasing by around 235,000 jobs in December, well above a forecast of around 150,000....
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