Stocks Climb on Strong Bank Earnings, Surprise ADP Payrolls Drop

Building on yesterday’s US index gains of 0.2%-0.4%, US index futures are up 0.2%-0.3% this morning. European trading is quiet with the DAX up 0.1% and the FTSE down 0.1%. US ADP payrolls declined and disappointed (-32K vs Street 5K and previous 47K) as small businesses cut jobs last month. Investors appear to be taking this […]