Positive

From Nasdaq

February 5, 2025 10:58:00 AM:

ADP Jobs Report Strong in Customer Services: ADP reveals +183K new private-sector jobs for January, beating expectations. Customer-facing jobs outperformed goods-producing roles, with strong gains in Trade/Transportation/Utilities and Leisure & Hospitality, but a loss of -13K jobs in Manufacturing.

U.S. Trade Deficit Sinks to Deepest Levels in Almost 3 Years: December trade deficit widens to -$98.4 billion, worse than expected. Imports down -2.6%, while exports up +3.5%. Uncertainty over global tariffs may be driving trade activity.

Disney Posts Stronger-than-Expected Q1 Results: Disney reports Q1 earnings of $1.76 per share, beating estimates by +22.22%. Revenues of $24.69 billion slightly surpass expectations. Shares up +1.5% on the news, continuing a trend of earnings beats.

Stock Market Outlook: S&P Services PMI and ISM Services data expected to show growth above 50-level. Qualcomm, Ford, ARM Holdings, and MicroStrategy among companies reporting earnings after market close today. Market remains focused on strong services sector performance.

Read more at Nasdaq: Private Payrolls Grow More Than Expectation in January