Dow, S&P 500, Nasdaq rise as weak ADP jobs data reinforces growing Fed rate cut bets
US stocks edged up on Wednesday as a surprise decline in private-sector employment revealed cracks in the job market, but also reinforced bets on a Fed rate cut next week. The Dow Jones Industrial Promedio (^DJI) rose 0.9%, or over 400 points, while the S&P 500 (^GSPC) added 0.3%. The tech-heavy Nasdaq Composite (^IXIC) climbed … Read more