U.S. stocks' record rally stalls as Wall Street awaits economic data release
ChainCatcher news, according to Golden Ten Data, in early trading on Wednesday, the record rally in U.S. stocks stalled, with the S&P 500 index remaining basically flat, the Nasdaq 100 index falling by 0.2%, and the Dow Jones Industrial Average rising by 0.3%. Sameer Samana, Head of Global Equities and Real Assets at Wells Fargo Investment Institute, stated that the market needs more information to break through the current highs. In addition, ADP research data showed that U.S. companies saw moderate hiring growth in December, with private sector employment increasing by 41,000, which was below economists’ expectations. Investors are now awaiting the release of non-farm payroll data on Friday.
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