March 8, 2017
ADP is calling for a 298,000 surge in private payrolls for Friday's jobs report, one that would make February one of the strongest months of the economic cycle. And ADP's recent track record is solid and is highlighted by last month's call for what correctly proved to be outside strength in the January report.
Stocks and bonds were quiet in the session with the Dow posting a 0.3 percent loss to 20,855. Oil fell nearly $3 and is back testing support at $50 following a large build in weekly inventories.