Here is what occurred to the inventory market on Wednesday
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020.
Brendan McDermid | Reuters
Dow Jones Industrial Average rises tk points
J&J scores big coronavirus deal, Disney rallies
ADP data disappoints
ADP reported Wednesday that private payrolls in the U.S. increased by just 167,000 in July. That’s well below a Dow Jones estimate of 1 million and represents a tumble from the 4.314 million added in June. The ADP report is seen as a preview to the government’s monthly jobs report, which is forecast to show a gain of more than 1.2 million jobs.
What happens next?
Weekly jobless claims data are set for release Thursday along with Uber earnings.
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