So Automatic Data Processing, a low-risk company, gets assigned a 4.5 point premium.

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In addition, a report on private-sector jobs growth for March compiled by Automatic Data Processing and Moody's Analytics showed an increase of 158, 000 jobs on the month, well below the 192, 000 expected.

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Among the largest underlying components of VGT, in trading today Hewlett-Packard Co ( NYSE: HPQ) is up about 1.6%, Automatic Data Processing Inc. ( NASD: ADP) is off about 1.3%, and Yahoo!

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Automatic Data Processing Inc. ( ADP) closed last week just over 4% above its weekly starc- band.

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Among the largest underlying components of USMV, in trading today American Capital Agency Corp ( NASD: AGNC) is off about 0.1%, Automatic Data Processing Inc. ( NASD: ADP) is off about 0.5%, and Kimberly-Clark Corp. ( NYSE: KMB) is lower by about 1%.

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