Stocks Edge Higher on Strength in Chip Makers and Data Storage Companies

The market’s focus this week will be on US economic news. On Wednesday, the Dec ADP employment change is expected to increase by +48,000. Also, the Dec ISM services index is expected to slip -0.3 to 52.3. In addition, the Nov JOLTS job openings are expected to climb by +9,000 to 7.679 million. Finally, on Wednesday, Oct factory orders are expected to decline by -1.1% m/m. On Thursday, Q3 nonfarm productivity is expected to climb by +4.7%, and unit labor costs are expected to rise by +0.3%. Also, initial wee ...