Market Indexes Stay Mostly Green Ahead of ADP Wednesday
ZACKS·2025-12-03 00:11

Market Performance - Major market indexes showed positive movement, with the Dow gaining +185 points (+0.39%), S&P 500 up +16 points (+0.25%), and Nasdaq increasing by +137 points (+0.59%) [1] - Bitcoin rose nearly +6% to 91.4K, positively impacting the stock of MicroStrategy (MSTR), which gained over +5% [1] - The small-cap Russell 2000 index experienced a slight decline of -0.17% [1] Economic Data - Private-sector payrolls for November are expected from Automatic Data Processing (ADP), with a consensus estimate of around 40K new jobs, down from 42K the previous month [2] - The labor market has shown difficulties, with no back-to-back positive ADP jobs numbers since April and May of 2025 [2] - Upcoming reports on Imports, Exports, Industrial Production, and Capacity Utilization are anticipated to show slight gains from the previous month [3] Earnings Reports - CrowdStrike (CRWD) reported Q3 earnings of 96 cents per share on revenues of $1.23 billion, exceeding estimates and showing over +20% year-over-year growth [4] - American Eagle Outfitters (AEO) beat Q3 earnings expectations with 53 cents per share and record-high revenues of $1.36 billion, leading to an +11% increase in shares after market [5] - Marvell Technologies (MRVL) posted Q3 earnings of 76 cents per share on revenues of $2.08 billion, slightly above projections, but shares remained flat [6]