Data remains positive for the US Home Depot one of the big winners of the day

And the ADP report shows a sharp upswing in jobs

Let's see what's happening in the global markets now...

Wall Street climbed higher pushing the S&P 500 to another intraday record, after data

suggested the economy was slowly building momentum after a winter-related pullback earlier

in the year. Eight of 10 S&P 500 sectors were in positive

territory, though gains were limited following a recent push to new highs. U.S. private employers

added 191thousand workers in March, slightly below the 195thousand forecast, while gains

in the prior month were revised to 178thousand from a previously reported 139thousand, signaling

that a winter-related impact on job growth earlier this year was easing.

The Dow Jones industrial average rose 14.59 points, or 0.09 percent, to 16-5-47.2, the

S&P 500 gained 3.99 points to 18-89.51, after hitting an intraday record high of 18-90.80.

The Nasdaq Composite added 4.942 points to 42-72.982.

Home Depot is one of the big winners of the day, as shares were up 1.3%. The move comes

after UBS named the home improvement store one of the top five retailers to buy at this

time. Furthermore, recent housing data indicates that home prices in a number of states hit

all-time highs in February. This is an indication that the majority of homeowners in those locations

are no longer underwater on their residence. That is a great sign for Home Depot, because

customers who are not underwater spend substantially more on their home than those who are upside

down.. It was a quiet trading session in Europe as

market participants positioned for the upcoming ECB governing council meeting, which as a

result meant that peripheral equity indices underperformed.

In the foreign exchange market the dollar reached a high of two months versus the yen

on Wednesday as a private report indicated that companies in the U.S. had boosted their

payrolls by the most in 2014 during March, which backed the case for interest rates to

be increased by the U.S. Federal Reserve. The U.S. dollar gained for only the first

time in the past four days versus the euro as a prediction has been made by analysts

that April 4th data will show that employers in the U.S. added jobs during March. The European

Central Bank holds a monetary policy meeting on Thursday afternoon. Policy makers in the

European Central Bank will keep the main refinancing rate the same at 0.25% on Thursday, which

is a record, according to the majority of economists surveyed. The euro has been weaker

by 0.6% against the dollar since Mario Draghi on March 13th said the rate of exchange is

increasingly relevant in our assessment of stability of prices.

In the commodities space despite a fall in API inventories, WTI and Brent crude futures

traded steady in minor negative territory, with Brent prices weighed on by further reports

of blockade ending within days in Libya. Of note, NATO's top military commander said that

the situation with Russia's forces on the Ukrainian border remains incredibly concerning.

Market participants will get to digest the release of the latest ADP Employment Change,

Factory Orders and the release of the weekly DoE reports. Crude oil inventories dropped

by 2.4 million barrels, the Energy Department reports on Wednesday.

Gold futures climbed, putting an end to five-straight sessions of losses as traders placed their

bets ahead of the monthly U.S. jobs report due at the end of the week. Gold rose $10.80

to settle at $12-90.80. Prices had lost about 2.4% in the past five sessions.

This is Amy Anderson from OptionRally signing off And of course I'm waiting for your LIKE

below if you enjoyed today's Market Watch. Have a great day