The market opened to attempt a rebound Wednesday after AMD earnings pushed Semiconductors and Tech higher. The market generally pulled back on Tuesday.
Just past 10 am ET the $S&P 500 Index (.SPX.US)$ the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.38%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.39%.
ADP nonfarm employment came out Wednesday, a precursor to overall non farm employment based on ADP employment tracking numbers. The firm said there was 122k added jobs.
In macroeconomic news, consumer sentiment numbers from CB came in at 100.3 vs 99.7 expected. Last month, they reported 97.8. JOLT's job opening numbers also came out at 8.184M vs 8.020M expected. Last month, JOLTS reported 8.230M.
This week, all eyes are on the FOMC, due to report its current strategy for competing inflation on Wednesday. Check out updates from moomoo live right as the FOMC report comes out at 2 pm ET, and the press conference afterward at around 2:30 pm ET.
Investors can watch for PMI data on Thursday and Nonfarm monthly payroll employment data on Friday. Investors will alkso await two more Mag 7 earnings reports: $Apple (AAPL.US)$ and $Amazon (AMZN.US)$ on Thursday, alongside a host of other $100B+ market cap giants.
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Traders, what are you watching on the stock market today? What is the herd following? Let me know in the comments below!
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