Equities wobbled again on Tuesday but the S&P 500 managed to set a new high in the process. The action was driven by the threat of rising interest rates which are driving a wedge in the market. High-growth company?s that rely on debt to fuel their growth are falling out of favor and are being replaced by blue-chips, dividend payers, and those with the resources to fund their own expansions. The blue-chip Dow Jones Industrial Average, for example, gained more than 0.70% at the high of the session while the tech-heavy NASDAQ Composite fell more than 1.5%.

The focus of the week is still the NFP, however, which is scheduled for release on Friday. The consensus is for job growth near 420,000 with a slight downtick in unemployment. The ADP report, released today, is expected to show a similar 375,000 new jobs added for the month and may impact the outlook for the NFP.