Stocks Cheer ADP Data ( NFLX, CIEN, AAPL, DSCO, C, ZION )

U.S. bounced back slightly on Wednesday as investors cheered a better than expected job data for the month of February, while the main focus remains on the Greek’s debt swap deal to be held on Thursday.The Dow Jones Industrial Average rose 12 points, to 12,772 The S&P added 3.51 points to 1,347. The Nasdaq Composite climbed 15 points to 2,925.This morning the ADP data showed that Private-sector employed 216,000 new jobs for the month of February, topping economists’ estimates of 208,000. Over the last three months, gains have averaged 223,000, compared with a monthly average of 156,000 for 2011.ADP revised the January gain to 173,000 from a prior estimate of 170,000. Economists had expected a gain of 215,000 for February.Now, investors would watch out for private-sector payrolls, which is set to release on Friday and economists are guiding addition of 213,000 in the month of February.Also, investors would look decisively for tomorrow Greek debt swap deal, where the private bond holders have the last date to apply for bond at a discount of more than 50%, acceptance of which boost the country’s economy and abort the possibility of bankruptcy.

Stocks in focus:Netflix, Inc.(NASDAQ:NFLX) shares surged 1.50% in the opening session on reports that the company’s CEO Reed Hastings is in advance talks with largest U.S. cable companies to provide their service to cable subscribers, which would help the company to boost their footprint and reduce competition.

Ciena Corporation(NASDAQ:CIEN) shares also rose 8.50% to $14.58 after the company reported in line first-quarter loss. The company’s net loss during the quarter declined to $47.7 million, or 49 cents a share, from a year ago loss of $79.1 million, or 84 cents a share, while revenue declined to $416.7 million, from $433.3 million. The company expects to report revenue of $435 million to $460 million in the current quarter.In the corporate news, Discovery Laboratories, Inc.(NASDAQ:DSCO) shares rose to new 52-week high as the company won U.S. regulators approval for its medication for treating respiratory distress in infants. Shares of DSCO are up 25.33% to $4.71 after hitting a new 52-week high of $5.39 earlier in the session.Brown Shoe Company, Inc.(NYSE:BWS) shares slumped over 11% after the company reported loss in the fiscal fourth-quarter and guided below analysts’ estimates. The company reported a loss of $8.2 million, or 21 cents a share, reversing a year ago profit of $3.4 million, or 8 cents a share. On an adjusted basis, the company earned 10 cents a share, missing analysts’ estimates of 20 cents. Revenue during the quarter grew 4% to $628.9 million. Going forward, the company projects to earn 78 cents to 92 cents on revenue of $2.55 billion to $2.58 billion for the full year, missing analysts’ target of $1.06 on revenue of $15.28 billion.Apple Inc.(NASDAQ:AAPL) shares are up 0.55% as the company is all set to launch its much awaited iPad in an event in San Francisco for Wednesday, 10 a.m. Pacific time.In the financial space, Citigroup Inc.(NYSE:C is trading higher by 1.84% to $32.71 and Zions Bancorporation(NASDAQ:ZION) climbed 2.84%.