Summary
Stocks edged higher on Wednesday morning, led by the Consumer Discretionary and Industrial sectors. Employment data was weaker than expected. Payroll provider ADP said that U.S. companies added 103,000 jobs in November, down from 106,000 in October and below the Reuters consensus forecast of 130,000. ADP also reported that year-over-year wage growth slowed to 5.6% in November, the smallest increase since September 2021. The Dow rose 0.1%, the S&P was flat, and the Nasdaq rose 0.1%. Crude oil fell sharply to below $70 per barrel, while gold traded near $2048 per ounce.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free