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S&P 500 Rebounds as Weak ADP Jobs Data Boosts Fed Pause Bets

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The Story

News Summary

  • Wall Street rebounded on Wednesday, with the S&P 500, Nasdaq, and Dow gaining around 0.6%.
  • Bargain hunting and weaker-than-expected ADP private payrolls data fueled hopes that the Federal Reserve may hold interest rates steady, lifting sectors like airlines and telecoms despite weakness in software stocks.
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US500 price history

7656.98 +14.20% over the displayed period

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