This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Market Hustle: Stock Futures Ease as ADP Jobs Report Disappoints

Stocks in this article: ^DJI^GSPC^IXICAMZNMSFTMNKD

NEW YORK (TheStreet) -- U.S. stock futures were easing off gains Wednesday following a smaller-than-expected increase in private sector job creation.

  • Dow Jones Industrial Average futures were rising 14 points, or 12.39 points above fair value, to 16,463. S&P 500 futures were adding 1 point, or 0.68 points above fair value, to 1,878.75 while Nasdaq futures were gaining 4 points, or 4.2 points above fair value, to 3,654.3.
  • Private payroll processor Automatic Data Processing reported that the U.S. private sector created 191,000 jobs in March vs. the average economist's estimate of 195,000. The February figure, though, was upwardly revised to 178,000 from 139,000.
  • Factory orders for February at 10 a.m. EDT are expected to indicate a rise of 1.2% after dipping 0.7% the previous month.
  • Atlanta Federal Reserve Bank President Dennis Lockhart will speak about the economic outlook in a speech at 12:30 p.m. and St Louis Federal Reserve Bank President James Bullard will deliver a speech at 5 p.m.
  • MannKind (MNKD)was soaring more than 100% in premarket trading after the company won the support of an FDA advisory panel Tuesday for its rapid-acting inhaled insulin Afrezza.
  • Amazon (AMZN) was advancing 0.7% after The Wall Street Journal reported that the company has rolled out a new service allowing customers to return unwanted merchandise using large metal lockers it has installed in major metropolitan areas. Also, Amazon is hosting a press conference in New York Wednesday to provide an update on its video business.
  • Microsoft (MSFT) was up 0.41%. The company is expected to provide previews for Windows updates and reveal new Windows Phone features during its annual developer conference in San Francisco that begins on Wednesday.
  • Major U.S. stock indices rose Tuesday, with the S&P 500 closing at a record high of 1,885.52, after stronger-than-expected manufacturing data suggested the economy is shaking off a slow start to the year amid harsh winter weather and as Yellen assured investors that monetary policy will remain supportive.

-- By Andrea Tse in New York

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs