Now that General Motors' (GMGMQ Quote) bankruptcy filing is in the rearview mirror, traders are slowly turning their attention back to economic numbers for hints of a recovery in the data.
Those still rubbernecking the GM wreck will get whiplash Wednesday in the form of the latest ADP employment report, which can sometimes have a strong effect on the market. The report appears two days before the Labor Department's own nonfarm payrolls report.
Economists expect the ADP report, which will be released Wednesday at 8:15 a.m. EDT, to show a decline of 525,000 jobs in May after a 491,000 drop in April. By comparison, the Labor Department's report, due Friday, should show a loss of 550,000 jobs last month after a better-than-expected 439,000 slide in April. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet