Automatic Data Processing Stock News

East West Bancorp, Automatic Data Processing, CDW, and W.W Grainger have been included in this Screen of the Week article.

This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours. In a move that will likely harm Apple’s bottom line, the company has joined other major tech firms in Boycotting Russia. As a result, customers living there can no longer buy any of their products or make purchases via app store– including iPhones. The markets were in turmoil yesterday as fighting between Russia and Ukraine continued. Related Reading | Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen The markets will be watching closely today as Chairperson of the Federal Reserve Jerome Powell gives his bi-annual monetary policy update to Congress. The future trajectory for interest rates has been uncertain following recent events. Still, investor expectations may change soon enough, thanks in large part due to an upcoming report from ADP Non-Farm Employment Change. Top Cryptocurrencies Performance Bitcoin is up 1%, trading at $44,000.

A feeling of "normalization" has re-entered the markets, welcome as a spring breeze.

Crypto & Crude Extend Yesterday''s Gains As Bonds & Stocks See Massive Roundtrip The narrative for today''s gains were 1) apparently positive headlines from Ukraine ( though contradictory messages from both sides on talks were made ), 2) ADP showed strong job gains ( but embarrassed itself as practically useless with a massive revision to last month''s job losses ), and 3) Powell affirmed a single rate-hike in March but opened the door for a 50bps hike in the future ( reducing the odds of a 50bps hike , but the market shifted hawkishly on the actual rate trajectory ). Source: Bloomberg And that prompted a buying-panic in stocks, reverting everything to Monday''s overnight highs. Small Caps led the charge with the rest of the majors grouped together.. Nasdaq just triggered its first death cross (50DMA breaks below the 200DMA) since the COVID-lockdown crash in April 2020… (is this a buying opportunity like the last two times?) Source: Bloomberg As a reminder - amid the chaotic swings, equity index liquidity remains near record lows...

A feeling of "normalization" has re-entered the markets, welcome as a spring breeze.

U.S. Private Payrolls Climb in February.

US stocks are rallying on hopes that the hard-hitting sanctions could be working on Russia and on expectations that Fed Chair Powell will signal the central bank will be in wait-and-see mode with regards to aggressively tackling inflation until they assess the war in Ukraine impact. Risk appetite will struggle to fully return until a […]

Green Dot (GDOT) fourth-quarter 2021 revenues surge year over year.

ICF International (ICFI) fourth-quarter 2021 earnings and revenues fall year over year.

Private-sector job results were good -- much better than expected, and a world away from what we saw a month ago.