ADP Report Gives Investors a Hint of What to Expect in Friday's Jobs Report

Stocks opened mostly higher on Thursday after a monthly reading on private payrolls showed a much larger increase in May than expected.

The S&P 500 was up 0.15%, the Dow Jones Industrial Average dipped slightly, and the Nasdaq rose 0.2%.

The U.S. economy added 253,000 private payroll jobs in May, according to the ADP National Employment Report. Analysts anticipated 181,000 jobs to have been added, slowing slightly from the 177,000 pace of job growth in April.

Read More:

Stocks Mostly Higher After U.S. Private Payrolls Expand More Than Forecast

This article was written by a staff member of TheStreet.