- The major Wall Street indices are trading mixed on Wednesday.
- Employment in the private sector continued to grow apace in April.
- The S&P 500 Technology Index is up 0.8% after the opening bell.
After the fall of Tuesday, the main US stock indices They started the day on a mixed note Wednesday amid mixed results from major sectors. At time of writing, the S&P 500 Index was up 0.3% to 4,177, the Nasdaq Composite was up 0.62% to 13,628 and the Dow Jones Industrial Average was posting small daily losses at 34,122.
The risk-sensitive S&P 500 Technology Index, which suffered heavy losses on Wednesday, is currently climbing 0.8%, reflecting a positive shift in market sentiment. On the other hand, defensive indexes for real estate and utilities lose more than 0.5% after the opening bell.
Hours earlier, data released by the Automatic Data Processing Research Institute (ADP) showed that employment in the US private sector increased by 742,000 in April. This reading modestly disappointed the market’s expectation of 800,000, but it was the strongest monthly increase since September 2020.
S&P 500 chart (daily)
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