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Investing.com — U.S. stock markets opened higher on Wednesday after what was arguably the first big positive surprise from U.S. economic data since the explosion of the Covid-19 pandemic in March.
Payrolls processor ADP (NASDAQ:ADP) reported that a net 2.76 million private-sector workers lost their jobs in the month to mid-May, that was much better than the 9 million number expected.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was up 205 points, or 0.8%, at 25,947, while the S&P 500 was up 0.5% and the Nasdaq Composite was up 0.3%.
