ADP is trending as the payroll processor said businesses added 198,000 jobs in February, beating economists' forecasts of 173,000 job gains for the month. The trade and transportation sector added the most jobs at 45,000, followed by professional and business services, which added 35,000. Small and midsize businesses posted the most job gains for the second month in a row. Small businesses added 77,000 jobs, mid-sized businesses added 65,000 and large companies added 57,000. Looking ahead, the Labor Department's February employment survey comes out on Friday. The ADP report is often seen as a possible preview of the jobs report.
Staples ( SPLS) is another popular search. The company reported fiscal fourth-quarter net income that dropped 72%, largely weighed down by weak sales in North American and Europe, as well as store closings and other related charges. Staples' adjusted results still managed to beat Wall Street expectations. The company reported earnings of $78.1 million, or 12 cents a share, down from $283.6 million, or 41 cents a share, a year ago. Excluding charges, earnings from continuing operations were 46 cents a share, beating analysts' estimates of 45 cents.