U.S. stocks are creeping higher Wednesday as traders sift through the latest economic news
KEEPING SCORE: The Standard & Poor's 500 index rose three points, or 0.1 percent, to 2,070 as of 10:16 a.m. EST. The Nasdaq composite rose two points to 4,758. The Dow Jones industrial average rose four points to 17,882.
JOBS: Payroll processer
RESPONSE: "The biggest, most important economic statistic in the world looks like it will continue its winning streak if this morning's ADP employment report is to be believed," Christopher Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, wrote in a note to clients. "Things are better than you think. Bet big on it."
WHAT TO EXPECT: Economists forecast that the government will say employers added 225,000 jobs in November and that the unemployment rate slipped to 5.7 percent from 5.8 percent, according the financial data provider FactSet.
ENERGY: Oil prices turned slightly higher. The price of U.S. benchmark crude rose 69 cents to $67.57 a barrel on the New York Mercantile Exchange. Brent crude rose 78 cents to $71.32 on the ICE Exchange in London.
BONDS: Prices for U.S. government bonds slipped, pushing yields up. The yield on the 10-year Treasury note edged up to 2.30 percent.
OVER THERE: Europe's major markets were mixed. France's CAC 40 sank 0.2 percent while Germany's DAX rose 0.4 percent. Britain's FTSE 100 slipped 0.2 percent.
WARNING: A day ahead of the
ASIA'S DAY: Japan's benchmark Nikkei 225 index ended 0.3 percent higher, after briefly touching its highest level since 2007. In China, Hong Kong's Hang Seng lost 1 percent, and the Shanghai Composite Index in mainland China gained 0.6 percent.