USA ADP Nonfarm Employment Change For September 143K Vs 124K Est.; 103K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ADP Nonfarm Employment Change for September was reported at 143K, surpassing the estimated 124K and the prior month's 103K. This indicates a stronger-than-expected job growth in the private sector.
October 02, 2024 | 12:15 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as the stronger-than-expected ADP Nonfarm Employment Change suggests economic growth, potentially boosting investor confidence in the broader market.
The ADP Nonfarm Employment Change is a key economic indicator. A higher-than-expected figure suggests economic strength, which can lead to increased investor confidence in the stock market, potentially benefiting SPY.
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