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Stocks Rise Before the Open as Bond Yields Fall on Fed Rate-Cut Bets
Yahoo Finance· 2025-11-06 11:20
Fed Governor Stephen Miran said on Wednesday that the ADP report showing an increase in employment at companies was “a welcome surprise,” though he reiterated that interest rates should be lower.The ADP National Employment report released on Wednesday showed that U.S. private nonfarm payrolls rose by 42K in October, stronger than expectations of 32K. Also, the U.S. ISM services index rose to 52.4 in October, stronger than expectations of 50.7. At the same time, the U.S. October S&P Global services PMI was r ...