Another prelude to tomorrow’s jobs report besides yesterday’s ADP private-sector jobs report was today’s release of the U.S.
Labor Department’s nonfarm payroll numbers, which will be released tomorrow will likely show nonfarm payrolls increasing by 700,000 jobs, according to a Reuters survey of economists.
Lastly, the S&P 500 gained ½ a percent in trading today and with the additional 22.44 points closed at a new record high of 4319.94.
The Federal Reserve continues to hold its belief that a large majority of the recent uptick in inflation is transitory.