Dow, S&P 500 rebound after weak ADP payrolls report
US stocks recovered from early weakness on Wednesday after ADP reported an unexpected decline in November private payrolls. Small businesses shed 120,000 jobs, while mid-sized and large firms added 90,000. The Dow rose 0.42% and the S&P 500 gained 0.19%, beating expectations for a 40,000 payroll increase. Retail sentiment for the S&P 500 ETF stayed bullish.