The ADP Employer Services report came in better-than-expected. U.S. private employers added 43,000 jobs in October, compared to a revised loss of 2,000 jobs in September. The original September figure reported a loss of 39,000 jobs. The ADP report comes ahead of the government’s more comprehensive employment situation report on Friday.
After the opening bell, the Institute of Supply Management’s services index is expected to show a modest increase. Factor orders will be released at the same time and the report is expected to show improvement. The Fed also concludes its two-day policy meeting. An announcement is scheduled for 2:15 pm ET.
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