The Latest Breaking News from ADP

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.72%. December E-mini S&P futures (ESZ25 ) rose +0.36%, and December E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. December E-mini S&P futures (ESZ25 ) are up +0.39%, and December E-mini Nasdaq futures...

"The danger with this data is that its message will be given unwarranted credibility by the absence of proper economic data," said UBS's chief economist, Paul Donovan.

Markets enter November following a strong finish to October, with U.S. stocks closing higher on Friday as the S&P 500, Nasdaq, and Dow all posted gains driven by impressive tech earnings and optimism around potential Federal Reserve rate cuts.

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making?

Automatic Data Processing Inc (NASDAQ:ADP) is likely to have sustained the previous quarter's 7.5% year-on-year revenue growth, while its booking momentum could have improved, according to RBC Capital Markets.

A once-obscure data-sharing deal between ADP and the Fed helped shape monetary policy for years—until it abruptly vanished.

There's no replacement for the government's might in collecting data from all corners of the economy.

Automatic Data Processing is gearing up to announce its first-quarter results by the end of this month, and analysts expect mid-single-digit growth in earnings.