Safe-Haven Sentiment Gradually Cools, ADP Data Beats Expectations Soothing Recession Fears, US Stock Index Futures Rise.

TradingKey - At 8:15 AM ET, the three major U.S. stock index futures turned from losses to gains in pre-market trading, with Dow Jones and S&P 500 futures both rising over 0.2%, and Nasdaq 100 futures gaining more than 0.5%.

Data released by the U.S. Department of Labor showed that ADP employment rose by 63,000 in February, the largest increase since November 2025 and higher than the market expectation of 50,000, though far below the average level of the past year.

Notably, January ADP data underwent a significant downward revision, from an initial gain of 22,000 to just 11,000. This effectively halves the previously reported growth, suggesting that employment momentum at the start of the year may be weaker than the market initially perceived.

Nela Richardson, ADP Chief Economist: We observed an increase in hiring activities, with wage growth remaining robust, particularly among job stayers.

Market risk aversion has cooled slightly, but the situation in the Middle East remains grim; previously, top U.S. General Kane stated that expansion inland would begin. U.S. Central Command is transitioning from large-scale long-range precision strikes to close-range precision strikes.

In pre-market trading, the Magnificent Seven (MG7) saw a partial recovery, with Nvidia rising 1% at the pre-market open, Apple down 0.2%, Microsoft up 0.2%, Tesla rising over 1.6%, Amazon up 0.4%, Google edging up 0.1%, and Meta gaining 0.4%.

Additionally, U.S. Treasury Secretary Scott Bessent stated that the new 15% 'global import tariff' is expected to officially take effect sometime this week. The implementation of this tariff could put a new round of pressure on the stock market.