US stocks react calmly to ADP jobs miss, Nasdaq leads downward

From Investing.com: 2025-07-02 09:47:00

This morning’s release of -33K in private employment by US firms, missing the consensus of 95K, did not trigger large volatility in markets. US equity futures had gone up overnight, but are now correcting. The miss could influence Trump’s policies on private vs public US employment. Nasdaq led on the downside, with a small gap down expected at the opening bell. A comparison of Nasdaq and Dow Jones prices over the past 10 years shows a potential shift in market appetite from Nasdaq to Dow. Dow Jones 4H chart shows neutral momentum, while Nasdaq chart shows signs of bearish strength. Key levels to watch for Nasdaq include the local all-time high top and support zones.



Read more at Investing.com: US Stocks Point to Muted Reaction at the Open Despite Big ADP Jobs Miss