In Today's Update:
1) U.S. Stocks closed modestly higher on Wednesday after positive economic figures from Europe and China. The Dow Jones Industrial Average gained 39.00 or 0.15%, the S&P 500 added 6.16 or 0.21% while the Nasdaq 100 closed higher by 46.86 or 0.60% and the Russell 2000 finished higher by 7.59 or 0.49%.
2) Crude Oil Futures closed slightly lower after a spike in U.S. Crude stockpiles while Gold Futures were flat for a second straight day. The Bond market moved lower and the yield on the 10-year Treasury Note jumped to 2.518%.
3) The ADP Employment report was released this morning and came in much lower than expected. It showed 129,000 new private-sector jobs versus an expected number of 179,000. The ADP report is usually an indicator of what to expect for the Employment Situation report due out on Friday.