But labor market data has broadly been positive, as this morning's weekly Jobless Claims numbers and Wednesday's ADP report showed. Sheraz Mian Director of Research AUTOMATIC DATA (ADP): Free Stock Analysis Report SPDR-DJ IND AVG (DIA): ETF Research Reports NASDAQ-100 SHRS (QQQ): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports PRO-ULS L20+YRT (TBT): ETF Research Reports To read this article on Zacks.com click here. The Fed appeared to be downgrading their economic growth outlook a bit and pointed towards low inflation readings and the rise in mortgage rates.