The Best ADP in Nearly Five Years

The S&P 500 is up again today and it’s close to a new all-time high. The Nasdaq Composite is at a new high.

This morning, the ADP payroll report was very strong. It was the best report in nearly five years (see below). We’ll get the official government jobs report on Friday.

Also this morning, the ISM Non-Manufacturing Index increased to 55.5. That’s the highest since August.

We had five earnings reports after yesterday’s close. This morning, both Disney (DIS) and Fiserv (FISV) are down about 3% while AFLAC (AFL) and Globe Life (GL) are up a bit. Cerner (CERN) is up over 6% and it’s at a new high.

We’ve also had new highs from Ansys (ANSS), Becton, Dickinson (BDX), Fiserv (FISV), Globe Life (GL), Moody’s (MCO) and Trex (TREX).

Posted by on February 5th, 2020 at 12:50 pm


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