"Stocks rose on Wall Street Wednesday as more U.S. companies turn in their latest quarterly reports and several economic updates shed some light on the U.S. economy. The S&P 500 rose 0.5%. The Dow Jones Industrial Average rose 62 points, or 0.1%, as of 11:35 a.m. Eastern time. The Nasdaq composite rose 0.8%. The gains mark a reversal from the prior day's dip as big technology stocks once again lead the broader market. Nvidia rose 1.6% and Google's parent, Alphabet, jumped 2.4%."
"Important monthly updates on inflation and employment have ceased, leaving investors, economists and the Federal Reserve without a fuller picture of the economy. There are still several informative private economic updates that Wall Street can review. A monthly report from ADP showed that private payrolls rose more than expected in October. The report offers a partial glimpse into the job market, which has been generally weakening and raising broader concerns about economic growth."
U.S. stocks rose with the S&P 500 up 0.5%, the Dow higher by 62 points (0.1%), and the Nasdaq up 0.8%. Big technology names led gains, with Nvidia and Alphabet posting notable increases and exerting outsized market influence. A wide range of companies reported quarterly results and updated forecasts, with McDonald's and International Flavors & Fragrances outperforming while Axon Enterprise and Live Nation missed expectations. The government shutdown halted key monthly inflation and employment releases, so private indicators such as ADP payrolls and the services-sector reading provided limited insight into the economy.
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