On July 1, Automatic Data Processing rose 5.47% in regular trading, trading at $236.29/share, with turnover of $218 million.

On the news front, the June ADP private payrolls report showed only 98,000 jobs added, significantly below the market expectation of 118,000 and down sharply from May's 122,000. ADP Chief Economist Nela Richardson noted that hiring pace is reflecting a dual narrative of slowing supply and demand, with job seekers taking longer to find employment. The employment growth was uneven, with financial and information sectors being the primary sources of new positions.

Following the data release, US Treasury yields edged lower, and the dollar index retreated from gains, as markets repriced higher probabilities of a Fed rate cut. The weakening labor market signal lifted the broader human resources and employment services sector. Among peers, Robert Half rose 7.43%, Paylocity gained 6.40%, Paycom advanced 5.71%, and Paychex climbed 5.52%.

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