US stock market showing mixed reaction, Job data looks okay, but crude started moving up. Today's movement in global stock market will not impact India tomorrow due to F&O expire.
- Stocks extended their rally to a second day Wednesday after an upbeat employment report from payroll company ADP made investors cautiously optimistic about the government's upcoming July employment report.
- Meanwhile, the price of oil rose after a weekly Energy Department report on domestic supplies showed a surprise increase. Oil's sharp drop Tuesday contributed to Wall Street's huge rally; light, sweet crude rose 64 cents to $122.83 on the New York Mercantile Exchange.
- HBJ Capital Team.
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