ADP Employment Change

The S&P 500 moved higher as traders weighed stronger economic data, resilient spending, and a softer-than-expected PCE reading against another jump in Treasury yields. Tech and communication services led gains, while the Dow Jones came under pressure from weaker consumer and healthcare demand.

The U.S. dollar moved lower after private payroll growth missed expectations, while services activity also came in below consensus. EUR/USD and GBP/USD advanced, USD/CAD tested support, and USD/JPY remained capped near a key resistance zone.