Market Opens Mixed Amid Tech Selloff and Employment Data Boost
Wall Street showed mixed reactions at the open on Wednesday. The Dow slightly rose, while the S&P dipped and the Nasdaq increased slightly. This followed a tech selloff amid valuation worries. However, a robust ADP employment report offered reassurance regarding the labor market's health.
On Wednesday, Wall Street's key indices opened with mixed results. This followed a previous session marked by a tech-driven selloff caused by mounting concerns over valuation.
The Dow Jones Industrial Average nudged up by 12.1 points, equivalent to 0.03%, reaching 47,097.31.
Meanwhile, the S&P 500 experienced a minor decline of 1.8 points, or 0.03%, to settle at 6,769.77, while the Nasdaq Composite saw an uptick of 9.4 points, or 0.04%, climbing to 23,358.075 at the start of trading.
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