Market Watch: Investors Look For Clarity

U.S. stocks were higher Wednesday, as Wall Street looked for clues to Friday’s jobs report after two counteractive sessions to begin the week.

The Dow started Wednesday in the same position as it began the week, as Tuesday’s losses cancelled Monday’s gains. Today, however, investors received a preview of Friday’s jobs report, as ADP reported that private businesses created almost exactly the expected number of jobs during May.

Investors also reacted to comments from European Central Bank (ECB) President Mario Draghi, who said that there was “nothing to say” about ongoing Greek debt talks. Draghi confirmed that quantitative easing was showing effects in the Euro Zone, and would continue for the time being. Earlier, the ECB announced the benchmark interest rate would remain unchanged at 0.05 percent.

Here are the final numbers from Wednesday on Wall Street:

Dow Jones Industrial Average: 18,076.27 (+64.33)

NASDAQ: 5,099.23 (+22.71) 

S&P 500: 2,114.07 (+4.47) 

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 1 week ago
Phil Cannella
Phil Cannella

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