ADP Jobs, ISM Services Data Will Keep Fed On Hold; S&P 500 Steady

Payroll processor ADP's monthly jobs report showed a modest rebound in private-sector hiring in December, while the Institute for Supply Management service-sector activity index saw its strongest reading of 2025. The S&P 500 gave up modest early gains after the 10 a.m. ISM report, which seems to slightly lower the urgency of another Federal Reserve rate cut. ADP said private employers added 41,000 jobs last month vs. forecasts of a 47,000 gain, according to the Econoday consensus.