NEW YORK — U.S. stocks are ticking higher ahead of the latest data that could show how much the economy is slowing. The S&P 500 was up 0.4% in early trading Wednesday. The Dow Jones Industrial Average edged up 42 points, and the Nasdaq composite was up 0.7%. A report due out later in the morning will show how construction, finance and other businesses in the U.S. services sector are faring.
Hewlett Packard Enterprise — the information technology company, not the PC and printer maker — rose 13.9% before the bell after it beat Wall Street's forecast and raised its full-year profit guidance. Cybersecurity company Crowdstrike also beat analysts' sales and profit targets and its shares rose 8.8%.
Payroll company ADP said Wednesday private employers added 152,000 jobs in May, lower than expected, reflecting a “steep decline” in manufacturing jobs. The report can act as a preview for the government's more comprehensive May jobs report due Friday. The labor market has held up better than most expected amid elevated interest rates, though there are signs it may be softening. On Tuesday, the government reported the fewest number of job openings — 8.1 million — since 2021.
In Europe at midday, France's CAC 40 rose 0.8%, while Germany's DAX surged 0.9%. Britain's FTSE 100 edged up 0.3%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateHONG KONG (AP) — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street slips ahead of job market dataNEW YORK (AP) — U.S. stocks drifted lower as investors await a trove of labor market data this week. The S&P 500 fell 0.2% in early trading Tuesday. The Dow Jones Industrial Average fell 148 points, and the Nasdaq slipped 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens higher, adding to last week's gainsNEW YORK (AP) — U.S. stocks are ticking higher as last week’s rush of market-moving events gives way to what could be a quieter week. The S&P 500 was up 0.5% early Monday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rises to add to last week’s gainsNEW YORK (AP) — U.S. stocks closed higher on Wall Street, adding to last week’s gains. The S&P 500 climbed 1% Monday. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite added 1.2%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steady as earnings reports wind downNEW YORK (AP) — U.S. stocks are holding relatively steady as trading on Wall Street calms following some sharp recent swings. The S&P 500 was up 0.2% in early trading Tuesday, coming off a strong three-day winning streak.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens lower, threatening to end a 4-day winning streakNEW YORK (AP) — Stocks are opening lower on Wall Street and threatening to end a four-day winning streak for the S&P 500. The benchmark index was down 0.4% early Wednesday. The Dow Jones Industrial Average slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »