Eyes on Dow and risk appetite today into the NY session. It's going to be an important two days for U.S. stock investors. A slew of economic data from payrolls to services PMI figures to durable goods orders have taken on even more significance, after the unexpectedly poor reading from the ISM purchasing manager's index this week.
With many investors pointing to a strong labor market as a reason for their preference for U.S. assets, traders will be particularly sensitive to the ADP employment data today and of course non-farm payrolls Friday.
The ISM's gauge of factory employment fell to the lowest since March 2016, which suggests there could be pressure on manufacturing payrolls.
Data-driven moves are the key today.
With many investors pointing to a strong labor market as a reason for their preference for U.S. assets, traders will be particularly sensitive to the ADP employment data today and of course non-farm payrolls Friday.
The ISM's gauge of factory employment fell to the lowest since March 2016, which suggests there could be pressure on manufacturing payrolls.
Data-driven moves are the key today.