New Delhi, Nov. 5 -- Wall Street gained on Wednesday, rebounding after a tech-led sell-off in the previous session, as more US firms delivered their quarterly results. Strong ADP employment figures eased some concerns about a weakening labour market.
The monthly report from ADP revealed that US private sector hiring rose by 42,000 jobs in October.
As of 9:48 AM Eastern Time, the S&P 500 rose 0.1%, the Dow Jones Industrial Average gained 0.1%, the Nasdaq Composite added 0.3%.
In the bond market, the yield on the 10-year Treasury rose to 4.12% from 4.09% late on Tuesday.
McDonald's jumped 3.1% after the burger giant reported that its sales had been boosted by the return of its popular Snack Wraps in the third quarter.
Taser manufacture...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.