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Weekly Jobless Claims Increase Marginally.
Pre-market indexes are mixed as bond yields are up but oil prices are up.
Not all Dividend Aristocrats are created equal, and three companies spanning payroll processing, supplemental insurance, and integrated energy have quietly stacked 25-plus years of annual raises through completely different cash engines.
Only +38K new private-sector jobs were filled for August -- below the +47K anticipated and the unrevised +44K from the prior month.
Spot gold and silver prices are higher in early U.S. trading Wednesday, as softer-than-expected ADP private-payrolls data gave metals a relief bid after a two-session selloff driven by higher oil prices, rising Treasury yields and firmer Fed-hike expectations.
Private payrolls rose by 38,000 in August according to ADP research. Economists expected a gain of 47,000.
After seeing significant selling pressure since the start of the week, the gold market is trying to find some solid ground as the private sector created fewer jobs than expected in August.
ADP said U.S. businesses created just 36,000 new jobs in august, a second small increase in a row that points to a slowdown in hiring during the summer.