Group 1: Tariff Policy Impact - The stock market has been significantly affected by tariff policies discussed by President Trump, with market indexes declining between 2.5-5% over the past week due to the potential imposition of tariffs on trading partners [1] - Commerce Secretary Howard Lutnick indicated that an announcement regarding tariffs may be forthcoming, which has led to fluctuations in major indexes [2] - Lutnick suggested that the White House may consider reducing tariffs based on compliance with the U.S. MCA trade policy, particularly affecting domestic automakers [3] Group 2: Employment Data - The ADP private-sector payroll report revealed an increase of +77K jobs, which is significantly lower than the expected +148K and the lowest since July of the previous year [4] - Goods-producing jobs increased by +42K, outperforming the +36K in private-sector services for the first time in recent memory [5] - Small firms lost -12K positions, while large companies gained +37K and medium-sized businesses added +46K jobs, with Leisure & Hospitality leading the gains [6] Group 3: Wage Growth Metrics - Job Stayers experienced an average wage increase of +4.7% year-over-year, while Job Changers saw an average increase of +6.7%, indicating a slight decrease from the previous month [7] Group 4: Upcoming Economic Reports - Economic reports expected to be released include the final S&P Services PMI for February, ISM Services, and Factory Orders for January, which are anticipated to show positive trends [8]

Group 1: Tariff Policy Impact - The stock market has been significantly affected by tariff policies discussed by President Trump, with market indexes declining between 2.5% to 5% over the past five days due to the potential imposition of tariffs of 20% or 25% on major trading partners [1] - Commerce Secretary Howard Lutnick indicated that the White House may consider reducing tariffs based on compliance with the U.S. MCA trade policy, particularly affecting domestic automakers [3] Group 2: Employment Data - The ADP private-sector payrolls report showed an increase of only 77,000 jobs in February, which is about half of the expected 148,000 and the lowest since July of the previous year [4] - Goods-producing jobs increased by 42,000, outperforming the services sector, which added only 36,000 jobs [5] - Small firms lost 12,000 positions, while large companies gained 37,000 and medium-sized businesses added 46,000 jobs, with the Leisure & Hospitality sector leading job growth [6] Group 3: Wage Growth Metrics - Job Stayers experienced an average wage increase of 4.7% year-over-year, while Job Changers saw a 6.7% increase, indicating a slight decrease from the previous month [7] Group 4: Upcoming Economic Reports - Anticipated economic reports include the final S&P Services PMI for February, expected to approach the growth threshold, and Factory Orders for January, which are projected to show a positive swing after a previous decline [8]