US stocks open higher as Wall Street absorbs ADP report | Getting fired

Just Pinned to Domestic and Global News: STOCKS SET NEW RECORDS... U.S. equities traded higher on Thursday the first trading day in June as investors parsed through key economic data. The Nasdaq composite outperformed rising 0.4 percent to hit a record intraday high. The S&P 500 gained 0.2 percent with materials leading advancers. Technology also contributed to the index's gains as it continued its stellar year-to-date performance. The Dow Jones industrial average rose about 5 points with UnitedHealth contributing the most gains. Private payrolls surged by 253000 in May easily topping a consensus estimate of 185000 according to a report from ADP and Moody's Analytics. "It was a very good positive surprise. We've had a few negative surprises so this is definitely against the current" said David Kelly chief global strategist at JPMorgan Funds. "Overall it says the economy is still moving along nicely." The report from ADP and Moody's is often seen as a preview to the U.S. government's monthly nonfarm payrolls report which is set for release Friday at 8:30 a.m. ET. Entering Thursday's session economists polled by Reuters expected the U.S. economy to have added 185000 jobs but JPMorgan'
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