The S&P 500 Index ($SPX) (SPY) today is up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.07%. June E-mini S&P futures (ESM25) are up +0.11%, and June E-mini Nasdaq futures (NQM25) are up +0.04%.
Stock indexes today recovered from early losses and are slightly higher as better-than-expected US economic news sparked short covering in equities. The US labor market showed hiring picked up last month after the Mar ADP employment change rose +155,000, stronger than expectations of +120,000. Also, Feb factory orders rose +0.6% m/m, stronger than expectations of +0.5% m/m.
