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Will the April jobs report be the spoiler?

Jobs report may hold key to Wall Street's week

April's jobs report is expected to show a spring back in hiring—and in the economy.

It is also the one piece of data traders say could move the clock up on a Fed rate hike, if it is strong enough. But the mood around it turned sour Wednesday, after ADP reported just 169,000 private sector payrolls for April.

While ADP is not an accurate reflection of the government data, it did notch down the odds for a good report in the minds of traders.

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