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Wednesday: ADP Employment, ISM Services Index

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM, The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 830,000 payroll jobs added in April, up from 517,000 added in March.

• At 10:00 AM, the ISM Services Index for April.   The consensus is for a reading of 64.3, up from 63.7.

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