The Latest Breaking News from ADP

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.67%. Stock indexes on Wednesday posted moderate gains as bond yields fell after the ADP...

The main indexes closed higher after Fed Chief Powell stuck to his script on inflation and interest rates in today's congressional testimony.

Stock Market Today: The Dow Jones rallied Wednesday on Fed Chair Jerome Powell's rate-cut comments. Nvidia and Super Micro surged.

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

The mix of slowing inflation, moderating growth and a resilient job market can no longer be ignored. The Fed chief has delivered on his mission to reduce inflation with no recession.

If the Fed doesn't cut interest rates in January, they may have to lower it in their March meeting, Siegel said.

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

The tech-heavy index closed lower for a fifth straight session as Mobileye and Walgreens Boots Alliance spiraled.

The dollar index (DXY00 ) on Thursday fell by -0.08%. On Thursday, the dollar posted modest losses on position squaring and long liquidation ahead of Frida’s monthly U.S. payroll report. Losses in the dollar were limited after Thursday’s stronger-than-expected U.S. reports on weekly jobless claims and Dec ADP employment signaled...