Another bruising day for the broad market indices, as both the Dow and the S&P slip in futures trading on labor data out this morning from placement firm Challenger, Gray & Christmas, and payroll processing firm ADP (ADP).
And the data is actually positive!
Dow futures are down 50 points at 10,842, while S&P 500 futures are off 8 points at 1,164.
Challenger reported 38,326 layoffs in April, the lowest in four years and well down from the month prior at 67,611.
ADP, on the other hand, reported jobs rose by 32,000 in April, ahead of the 30,000 some had been expecting, and a big improvement from the 19,000 increase in March, which was itself revised up from a prior estimate of a loss of 23,000 jobs.
The two notes come in advance of Friday’s government report on the job situation.
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