ADP
NASDAQ · Professional Services
Automatic Data Processing
$271.32
-2.19 (-0.80%)
ADP News13 articles
Dow Advances as Tech Spending Bets Fuel Mixed Market Close
The Dow advanced on AI spending expectations, while the Nasdaq slipped. Amgen, Lilly, and Disney rose; SpaceX and AMD fell. Markets await Friday's jobs report.
Dow Rises on Rate-Sensitive Gains While Market Breadth Weakens
The Dow gained 0.87% even as private payrolls missed forecasts and ISM prices jumped. Nasdaq and small caps declined, with weak breadth and healthcare outperforming tech.
Stock Futures Rise as Investors Favor AI Profitability Over Spending
US stock futures advanced as investors differentiated between AI companies with strong earnings and those with heavy spending, with Nvidia and Arista Networks gaining.
Gold Surges Past $4,100 on Weak US Jobs Data, Fed Rate Cut Hopes
Gold surged past $4,100 after weaker-than-expected US jobs data and downward revisions to prior months fueled hopes for Federal Reserve rate cuts. Spot gold rose 2.4% to $4,126.97.
US Jobs Miss Estimates as Labor Force Shrinks, Fed Rate Hike Odds Dip
US payrolls rose only 57,000 in June, well below the 110,000 forecast, as a sharp drop in labor force participation masked underlying weakness. Fed rate hike odds declined.
Dow Outperforms Nasdaq as Blue-Chip Math Favors Price-Weighted Index
The Dow Jones Industrial Average climbed 0.26% on Wednesday, outpacing the Nasdaq Composite, which fell 0.16%. Salesforce and Nike powered the Dow's recovery from early losses.
Midday Market: Equal-Weight S&P Outperforms, Tech and Chips Weigh on Nasdaq
U.S. stocks were mixed at midday Wednesday, with the equal-weight S&P 500 outperforming the cap-weighted index by 60 bps. Weak ADP jobs data and a drop in semiconductor stocks weighed on the Nasdaq.
Nasdaq 100 Futures Lead Pre-Market Decline as Treasury Yields Rise
US stock futures fell on Wednesday, led by a sharp decline in Nasdaq 100 contracts, as Treasury yields climbed and oil prices dropped.
Paychex Shares Slide on Tepid Fiscal 2027 Outlook Despite Q4 Beat
Paychex shares dropped 3.8% as the company's fiscal 2027 outlook signaled slower growth, overshadowing a Q4 earnings beat.
Intuit Opens Credit Karma to Credit-Invisible Consumers, Launches QuickBooks HCM
Intuit opens Credit Karma to 17M credit-invisible adults and debuts QuickBooks Workforce HCM. Shares fell 4.4% ahead of fiscal Q3 results on May 20.
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
Paycom Shares Drop 5% Amid Sector Selloff, Growth Concerns Persist
Paycom Software shares declined 4.85% to $117.06 on Friday, underperforming the broader market. The selloff follows last month's disappointing 2026 revenue outlook and reflects ongoing concerns about growth in the competitive HR software sector.
HR Outsourcing Stocks Tumble on Sector Weakness, Mixed Jobs Data
Barrett Business Services shares fell sharply amid a broad selloff in HR outsourcing stocks, driven by peer earnings and labor market concerns ahead of key inflation data.