New Delhi, Dec. 3 -- Wall Street stocks rose on Wednesday as weak private jobs data bolstered hopes for an interest rate cut by the Federal Reserve later this month.

The ADP National Employment Report showed that US employers outside of the government may have cut more jobs in November than they added.

At 11:33 a.m. ET, the Dow Jones Industrial Average rose 254.03 points, or 0.54%, to 47,728.49, the S&P 500 gained 15.11 points, or 0.22%, to 6,844.54 and the Nasdaq Composite gained 20.23 points, or 0.09%, to 23,434.06.

At the opening bell, the Dow Jones Industrial Average fell 102.8 points, or 0.22%, to 47,371.62. The S&P 500 fell 14.1 points, or 0.21%, to 6,815.29, while the Nasdaq Composite dropped 98.1 points, or 0.42%, to 23,315.58....