Stock Market Update

The S&P 500 futures are down one point and are trading in-line with fair value, the Nasdaq 100 futures are up five points and are trading 0.1% above fair value, and the Dow Jones Industrial Average futures are down 83 points and are trading 0.2% below fair value.

The ADP Employment Change estimated 223,000 jobs were added in October (Briefing.com consensus 105,000) following a revised total of 159,000 (from 143,000) in September.

Q3 GDP was up 2.8% in the advance reading (Briefing.com consensus 3.0%) following a 3.0% rise in Q2. The GDP Chain Deflator was up 1.8% in the advance Q3 reading (Briefing.com consensus 2.3%) following a 2.5% rise in Q2.