Investors regained some of their swagger Wednesday, pushing the Dow Jones Industrial Average up 78.18 points to 12,837.33 one day after recording its largest loss of the year.
The Nasdaq recouped 25.37 points to close at 2,935.69 while the S&P 500 gained 9.27 points to end at 1,352.63.
ADP’s National Employment Report found that private companies in the U.S. created more than 216,000 new jobs in February, better than the 208,000 jobs most pundits had forecast.
Also, unit labor costs increased at an annual rate of 2.8% in the fourth quarter, according to the Labor Department. Economists were expecting the rate to be unchanged. Meanwhile, wages rose at an upwardly revised 3.9% pace in the third quarter.
Here are some more details from Wednesday’s trading session:
Dow Jones Industrial Average:
Dow Jones U.S. Total Stock Market Index:
Data courtesy of Dow Jones Indexes.
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