S&P 500 Opens Flat After Unexpected Decline In Private Payrolls Data
TigerJul 2, 2025 1:28 PM
S&P 500 opened flat on Wednesday after a new report showed private payrolls surprisingly decreased in June, raising concern over the state of the U.S. economy.
The private sector lost 33,000 jobs last month, according to the latest report by ADP. That marks the first monthly decline in ADP’s payrolls report since March 2023. Economists polled by Dow Jones expected payrolls to grow by 100,000.
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