America lost 301,000 private-sector jobs in January, ADP says

The Omicron variant of Covid-19 threw a wrench into the recovery at the start of 2022. Wednesday's ADP Employment Report proved as much: The nation actually lost jobs in January.

News: What you need to know about the markets     America lost 301,000 private-sector jobs in January, ADP says The Omicron variant of Covid-19 threw a wrench into the recovery at the start of 2022. Wednesday's ADP Employment Report proved as much: The nation actually lost jobs in January. Read more »   Natural gas spikes 16% ahead of winter storm Natural gas futures soared Wednesday as energy markets brace for a powerful winter storm that threatens to derail production just as demand rises. Read more »   PayPal warns that consumers will spend less as stimulus runs out Omicron, inflation and a lack of government stimulus have some Venmo users nervous about spending money from their digital wallets. That's bad news for Venmo owner PayPal — and a potential warning sign for consumer spending in general. Read more »   The titans of Wall Street are getting much bigger paychecks Big Wall Street firms enjoyed a stellar 2021 thanks to a booming stock market and a frenzy of mergers and initial public offerings. Bankers and CEOs are reaping the rewards. Read more »   Starbucks is planning even more price hikes this year Starbucks has been hiking prices as inflation soars and labor costs rise. But that's not scaring customers away from their mocha Fraps and vanilla lattes. Read more »   OPEC and Russia keep promising to pump more oil. They're not delivering Here's one big reason oil prices are near a seven-year high: OPEC and Russia are producing less than they promised. Read more »

Dow Nasdaq S&P +224.09   +71.54   +42.84 35,629.33   14,417.55   4,589.38 +0.63%   +0.50%   +0.94% YTD -1.95%   YTD -7.85%   YTD -3.71%

Biggest Winners PerkinElmer Inc +6.22%   Marathon Petroleum Corp +6.05%   Emerson Electric Co +5.49%   Extra Space Storage Inc +4.68% Biggest Losers Boston Scientific Corp -4.74%   IDEX Corp -4.50%   Twitter Inc -4.22%   Paycom Software Inc -3.69%

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Key Market Stats Latest Today's Change Oil $87.97 -0.23 / -0.26% Gold $1,807.50 +6.00 / +0.33% 10-yr 1.77% -0.03 Euro $1.13 +0.00 / +0.27%

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