A.M. Update

S&P futures are down -0.15% and Nasdaq down -0.4%. The employment related data this morning is conflicting. ADP doesn’t look good, while Initial Claims looks like everything is fine. The ADP Employment Change estimated that 99,000 private payrolls were added in August (consensus 145,000) following a 111,000 increase in July (revised from 122,000). This is…