Major indexes ended green today even though the ADP payrolls report came in negative. We lost 32k private jobs last month when everyone expected a gain, which pretty much cements a rate cut from the Fed next week. Tech was a mixed bag. Microsoft dropped 2.5% after reports they are lowering AI software sales quotas, and Nvidia slipped 1%. Tesla outperformed the group, finishing up 4%. Salesforce is up about 3% in extended trading after beating earnings and raising guidance on strong AI demand. Retail earnings were surprisingly solid. American Eagle jumped 15% and Dollar Tree rose nearly 4%, with the latter seeing more high-income shoppers looking for value. Marvell Technology also had a good day, rising on data center growth and a new acquisition. On the losing side, GitLab dropped 13% and Pure Storage fell 13% after their respective reports.