Positive ADP Employment Report Boosts Futures

The ADP Employment report showed that the U.S. gained about 8,000 jobs during March. As the Street was expecting a decline in jobs by about 45,000 for the month, the report has caused futures to rise. Before the report, Dow futures were down about 20 points, but after data came out, futures jumped into the positive, moving higher by more than 50 points.

Since this move, strong Q4 results at Best Buy (NYSE: BBY) have caused futures to move even higher.

It appears yesterday's 390 point Dow rally may not have been a cruel April Fool's Day joke by the market after all. [BCS]

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