Stock Market Watch

Stocks Rise in Early Trading as Labor Market Shows More Signs of Improvement

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Stocks are rising in early trading today, with all three major indexes currently in green. Stocks have been pushed higher by a strong ADP jobs report released earlier today.

According to ADP, the private sector added 216,000 jobs in month of February. The data came in ahead of economists’ expectation and suggests that the labor market continues to improve. All eyes are now set on the all-important nonfarm payrolls, which will be released this Friday.


At last check, the Dow Jones was trading 0.22% higher at 12,787.23, the S&P 500 was trading 0.21% higher at 1,346.16, and the Nasdaq was trading 0.39% higher at 2,921.69.

Conglomerates are leading the gains in the S&P 500 in early trading today. At last check, Conglomerates were trading 0.87% higher. Consumer Cyclical stocks are also sharply higher in early trading. At last check, Consumer Cyclical stocks were trading 0.80% higher. Financials are currently trading 0.36% higher. Technology stocks are up 0.49% in early trading. Industrials are currently trading 0.56% higher. Utilities have been the worst performers in the S&P 500 in early trading today. At last check, Utilities were trading 0.36% lower.

Among the major gainers and losers in early trading today are Pandora Media Inc. (NYSE: P), which is currently trading 23.48% lower at $10.92, Vermillion Inc. (NASDAQ: VRML), which is currently trading 15% lower at $2.55, Transcend Services Inc. (NASDAQ: TRCR), which is currently trading 39.44% higher at $29.24, Cintas Corporation (NASDAQ: CTAS), which is currently trading 1.46% higher at $38.11, Express Inc. (NYSE: EXPR), which is currently trading 1.72% higher at $24.80, Ciena Corporation (NASDAQ: CIEN), which is currently trading 9.23% higher at $14.68, and Children’s Place Retail Stores Inc. (NASDAQ: PLCE), which is currently trading 4.37% lower at $50.14.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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