Markets

Big gain expected for ADP payrolls

ADP's private-sector payrolls report is the main item on today's calendar.

Economists expect a big jump when the number comes out for March at 8:15 a.m. ET--a gain of 215,000 compared with February's 139,000 reading.

Earlier in the session, at 7 a.m. ET, MBA reports weekly mortgage applications. February factory orders follow at 10 a.m. ET and are expected to increase 1.1 percent. They fell 0.7 percent the previous month. Crude oil-inventories round out the headlines 30 minutes later.

Monsanto's quarterly report before the opening bell is the biggest earnings release today.

The calendar remains active tomorrow, with the European Central Bank's interest-rate decision and initial jobless claims. Micron Technology reports earnings Thursday afternoon.

Non-farm payrolls, usually the most important event of the month, concludes the week Friday morning.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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