The Dow Jones slipped, while the S&P 500 eked out a gain, and the Nasdaq ended higher due to investors’ reaction to weak private-sector jobs data. The ADP jobs report revealed the weakest numbers in two years, indicating a hiring freeze tied to trade wars.
Stocks closed mixed as investors parsed this news alongside the Federal Reserve’s Beige Book. Additionally, Wells Fargo received approval from the Fed to expand its business, offering insights into the implications for both the bank and its stock.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-s-p-consolidates-at-3-month-high-dow-nasdaq-steady-ahead-of-jobs-services-data