Stocks stumble lower at the open as investors await crucial decision on interest rates from the Fed [MarketWatch]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: MarketWatch
Stocks stumble lower at the open as investors await crucial decision on interest rates from the Fed U.S. stock markets slipped at the open Wednesday as investors watched for a widely expected interest-rate cut from the Federal Reserve, while a flood of quarterly corporate results continued apace and a reading of the health of the domestic economy came in better than expected. The Dow Jones Industrial Average DJIA, -0.05% was at 27,038, down 0.1%, the S&P 500 index SPX, -0.08% edged 0.1% lower at 3,034, and the Nasdaq Composite Index COMP, -0.17% ticked down 0.1% to 8,270. The Federal Reserve's Jerome Powell and the rate-setting Federal Open Market Committee will release its policy update later at 2 p.m. Eastern Time, with Powell slated to discuss the central bank's policy a half-hour later. A quarter percentage point cut to a 1.50%-1.75% range is expected by the FOMC. Meanwhile, a report on private-sector employment came showed that Private-sector employers added 125,000 jobs
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ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website