Midday Report: Pershing Square Shows Interest in ADP; Jobs Report Kicks Off Small Gains

The U.S. economy added more jobs than anticipated in July, while earnings growth continued to rise as expected. The jobs report inspired slight gains on Wall Street to end the week, putting the Dow Jones Industrial Average on track to close at its eighth straight record. GoPro Inc. (GPRO) - Get Report rocketed higher after issuing an upbeat outlook for its third quarter. The action camera maker also topped estimates over second quarter with a far narrower loss than anticipated and a 34% increase in sales. Automatic Data Processing Inc. (ADP) - Get Report was active after confirming interest from Bill Ackman's Pershing Square. The activist investor seeks control of the company by way of five board seats and a change in CEO. ADP has rebuffed the advances. Weight Watchers International Inc. (WTW) - Get Report surged after posting growth in earnings and revenue over its second quarter. The weight loss company also issued solid forecasts "reflecting continued momentum."