US stocks were mixed on Wednesday on fresh recession fears following new data that suggest the labor market is finally weakening after a year of monetary policy tightening by the Federal Reserve.
Traders were mulling ADP private payroll data, which showed that US companies added fewer jobs than expected. Data showed private payrolls increased by 145,000 last month, far below estimates of 210,000. All eyes will be on Friday's non-farm payroll report as the next indicator of labor market strength.